Here are your current options for tax-saving investments in Thailand:
Thai Environmental, Social and Governance (ESG) Funds
Thai ESG funds (such as these) are domestic funds that invest in green bonds or companies listed on the Stock Exchange of Thailand (SET) and the Market for Alternative Investment related to environment or sustainability.
You can normally deduct Thai ESG fund investments up to 30% of your assessable income, with a maximum limit of 100,000 THB. However, between 1 January 2024 and 31 December 2026, special conditions allow deductions up to 300,000 THB if you hold the investment for at least five years from your first purchase.
Retirement Mutual Funds (RMFs)
RMFs remain unchanged. You can deduct RMF investments up to 30% of your assessable income, with a maximum limit of 500,000 THB per year. This limit includes other retirement-related investments, such as provident funds and pension life insurance premiums. Read the tax deduction article for more details.
Thailand 2025 tax rebate and other incentives
The Thai government has introduced an annual tax rebate program to boost the economy. This programme runs from 16 January to 28 February 2025, offering personal income tax deductions up to THB 50,000 for specific expenses.
As mentioned above, the investment category for deductions also includes other options like retirement/pension life insurance, provident fund contributions, and Thailand National Savings Fund contributions. Read the tax deduction article for detailed deduction limits.
Conclusion and recommendations
Thailand’s investment tax incentives are changing significantly with the expiration of the SSF programme and introduction of Thai ESG funds. You should evaluate these new options carefully to see how they fit your financial goals. I’m not particularly excited about the ESG funds and will need to adjust my strategy to maximise tax savings.
