Personal income tax return (PND 91) – A closer look – November 2023

All employees in Thailand must file an annual personal income tax return, known as a PND 91. This edition of ‘A Closer Look’ takes a deep dive into the requirements for preparing the PND 91 and describes what options are available to employees to minimize their personal income tax. There are a number of tax allowances that employees cannot afford to overlook.

Keywords: Mazars, Thailand, Payroll, PND 91, Personal income tax return, Tax saving, SSF, RMF, ESG

Our guide looks at the personal income tax return (PND 91):

General information and residence rules
Assessable income to be reported in Form PND 91
Who must file Form PND 91?
Personal income tax rates
Tax allowances and tax exemptions for 2023
Important dates, tax refunds, and tax payments
Penalties
Tax-savings tips that you should know
- Related to dependants
- Related to investments
  - Super Saving Fund (SSF)
  - Retirement Mutual Fund (RMF)

Important note to taxpayers who made investments in RMFs and SSFs
2023 updates
- Tax relief of up to 40,000 baht for domestic purchases
- Tax exemption for the purchase of Thailand ESG Fund units
- A new interpretation of foreign-sourced income effective from January 2024