Planning for a good tax deduction Like having money left

'Two things that are inevitable are death and taxes' are the phrases that tax gurus often bring to the beginning of the lecture. To show that paying taxes is unavoidable for all taxpayers. When entering the beginning of the year until the beginning of April, taxpayers are busy collecting documents for filing taxes. And the most important is the notification of various deductions which is the income right of every income person. And would it be better if we started to understand and plan the tax deductions early? In order to fully utilize the benefits that the government provides to taxpayers like us.

If you understand and plan well, you will be able to save tax and use that lump sum to invest for the money to grow. The money that we tired of working all year, don't let it turn out that once you have submitted your tax, it will be fleeting just because of a lack of knowledge and tax planning.

We have two tax experts to clarify the plan to reduce personal income tax. Both will explain the tax deduction rights in each item in detail. Especially on issues that many people do not know or may have misunderstandings. So that this year and the next year, we will have money left with us to continue to build more wealth.

Section 1 Personal and family matters


Deduction list

Amount / Baht




The state provides because each taxpayer must have the burden of having to pay for themselves (two years before 30,000 baht, which has used this rate for about 25 years)

Spouse without income





The second child onwards can be reduced to 60,000 baht per person (the measure that the state encourages people to have children). Here, both the lawful husband and wife both have rights to claim (nested)
Maternity expense

60,000 /time

Which can be used from antenatal care until giving birth. Not a charter, but as really paid. You can claim just as you paid but not more than 60,000 baht.
Care for the disabled




 30,000 each

One child can claim alone. Cannot claim duplication. Which the brothers and sisters must agree beforehand who will exercise their rights. With deduction criteria, that is, parents must be aged 60 years and over and have an income not exceeding 30,000 baht


Section 2 Economic stimulation measures


Deduction list



Travel to the main cities


The total must not exceed 20,000 baht
Secondary city travel


A car that has a disaster


For people in disaster areas
Educational and sports equipment






OTOP product



Startup investment


Which must be certified by NSTDA as a Startup and must have a registered capital of no more than 5 million and sales that do not exceed 30 million, with the fiscal year 2019 being the last year to be used


Shop for nation



First home



House interest



Fees paid by credit card


Double the amount requested by the store to charge additional use of the actual credit card Which the government wants to stimulate the use of e-payment

Section 3 Insurance and investment  

Deduction list

Amount / Baht


General life insurance or deposits with life insurance (Life insurance, saving insurance and periodically)

Not exceed 100,000

As actually paid but there is a condition that the insurance policy must have coverage for more than 10 years
Own health insurance


Combined with life insurance must not exceed 100,000 baht


Parents health insurance


With both parents together 15,000 not separate fifteen thousand each and give rights to only one child, cannot buy redundant


Social security




15% of income but not over 500,000 The year 2019 is the last year.
Annuity Insurance 15% of income but not over 200,000 The coverage must be from 10 years and the pension is promised. If there is no life insurance purchase Can use the pension insurance to fully cover the first 100,000 life insurance and buy another 200,000 back into the pension insurance section Meaning that we can buy pension insurance totaling 3 hundred thousand baht
Provident fund / GPF / teacher aids 15% of income but not over 500,000


Total must not exceed 500,000 baht


15% of income but not over 500,000

National Savings Fund



Section 4 Donation  

Deduction list



General donations Can be reduced by actually But must not exceed 10% of income after deduction
Donation for education / government hospitals / sports / social development Can reduce by 2 times the actual donation But must not exceed 10% of income after deduction
Political party donations Can be deducted by but not more than 10,000



Another new issue that many people are interested in is that after 2019, there will be no more LTF, with SSF (Super Saving Fund) in place. Previously, LTF could buy 15% of income, but SSF could buy 30% but must hold investment units for 10 years or more, while LTF holds only 7 years. And SSF can reduce not more than 200,000 baht of income which should be assessed Without having to buy continuously every year There are now two types of long-term mutual fund options that can be used for the tax deduction, SSF, and RMF, with the following differences:



SSF (Super Saving Fund)

RMF (Retirement Mutual Fund)

Reduce the tax by 30% of the assessable income but not over 200,000 baht

High tax deduction of 30% of the assessable income, but not more than 500,000 baht (previously the maximum purchase amount of 15% is not more than 500,000)

Can invest in all types of securities

No minimum purchase (Original terms, buy a minimum of 3% of income or 5,000 baht/year whichever is lower)

Holding investment units for not less than 10 years

Other conditions remain the same.

No minimum, no need to buy continuously every year


Profit from resale is tax-exempt


* The purchase of SSF, RMF PVD, GPF, annuity insurance, the provincial government shall not exceed 500,000 baht in each tax year.

We have to plan taxes early. To fully exercise the right to tax deduction. If possible, can we notify the employer at the beginning of the year what kind of tax deductions do we have Will receive less tax each month? Giving us more cash flow in our hands which will bring dividends. Investing in the same amount of RMFs every month, or DCA is another option that helps tax planning and can inform employers of future tax reductions. We will be taxed less. SCB has RMF funds with a variety of policies to choose from to diversify and to reduce taxes. It can be ordered like a DCA to discipline investments and use tax deductions with employers in advance because we know exactly how much money we will invest in that year. Remember that pay less tax each month and must pay more tax later. Better to be taxed now. To be pulled a large amount of money out of our hands every month and get it back for another year. In addition, refunds take more time and are being investigated than paying additional taxes. Fully exercise our rights Invest correctly. Tax money will turn into money that grows.