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Tax deductions and returns: key investment options in Thailand
Picture courtesy of Bangkok Post.
Shrewd investors actively seek opportunities that provide tax deductions while ensuring respectable returns. Within this context, three primary investment options demand consideration. These options comprise insurance, long-term funding, and savings through provident and social security fund contributions.
Investment choices are manifold. Social Security Fund, for instance, offers a tax deduction equivalent to the amount paid, capped at 9,000 baht per annum. Life insurance premiums allow deductions based on actual expenses up to 100,000 baht, provided the policy is with a Thai life insurance company and has a maturity of over ten years.
If the policy is forfeited before the end of the tenth year, the investment is non-deductible. Deductions for health and accident insurance premiums covering health are based on actual…
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