👀 Summary of corporate & personal income tax benefits in 2021 👔💻

📍Summary of corporate income tax benefits in 2021

The correct way to save tax is to use tax benefits correctly and completely.

Today, let’s take a look at what additional tax benefits are available to corporations in 2021.

1. Deduct expenses of 1.5 times – 2 times

    1.2 The cost of seminar room, hotel room, transportation, or other expenses related to domestic seminars starting from 1st January 2021 – 30th September 2021 can be deducted as expenses of 2 times of actual expenses.

    1.3 Fees incurred from debit card payments via EDC can be deducted as expenses of 2 times.

   1.4 The cost of purchasing or hiring to develop a computer software or computer software service fees that have been listed with the Digital Economy Promotion Agency, only for the portion not exceeding 100,000 baht starting from 1st January 2021 – 31st December 2022, can be deducted as expenses of 2 times.*

However, the increase in expense deduction benefit rate of 1 time to a maximum of 2 times from the previous years for some items remains the same as the original terms such as employment of disabled persons and elderly, etc.

2. Allowance

2.1 Donations to the following 4 agencies can be used as a tax allowance of 2 times until 31st December 2022 (must not exceed 10% of net profit before charitable expenses).

•         National Science and Technology Development Agency
•         Thailand Science Research and Innovation
•         National Institute of Metrology
•         Health Systems Research Institute

However, allowances on other donations or other deduction benefit from the previous year such as donations to educational institutions and depreciation deductions using an accelerated method of computer, equipment and software, buildings, factories, machinery and its equipment remain the same as the original terms.

📍Summary of personal income tax benefits in 2021

It is almost the end of the year, let’s plan your tax filing and use all available allowances!

Tax allowances checklist 2021 (updated edition)

📍What has changed for filing taxes in 2021?

Because it is the year the government has launched various measures to help people who have been financially affected during the COVID-19 outbreak, these are changes to be aware when filing for tax return.

1. Reduce social security contribution rate

This year, Social Security Office has a policy to reduce the contribution rate of the Social Security Fund in every section including Section 33, Section 39 and Section 40, allowing taxpayers to use this amount of money to reduce their taxes.

    1.1 Insured person under Section 33

Is eligible to file a tax deduction for social security up to a maximum of 5,100 baht in the tax year 2021 (from the original maximum of 9,000 baht).

    1.2 Insured person under Section 39

Is eligible to use social security deduction rights in the tax year 2021 up to a maximum of 3,483 baht.

    1.3 Insured person under Section 40

Is eligible to use social security deduction rights in the tax year 2021 up to a maximum of 700, 1,000 and 3,000 baht.

2. How do you pay taxes when you receive compensations from government measures?

In 2021, a number of government remedial measures and economic stimulus packages have been launched to help people such as Half-Half Co-Payment, We Win and We Travel Together schemes. A person, who is an ordinary person and entitled to use the money of the aforementioned schemes, does not have to bring this money to file taxes and does not have to pay any taxes because the Cabinet has already resolved to exempt income tax of Half-Half Co-Payment, We Win and We Travel Together schemes.

📥 For more information or would like a professional to take care of you, so you don’t miss out on anything, please contact us at

📧 Email: info@huahin-accounting.com 

📞Tel: 032 – 516 – 203.