Thailand’s recent floods have left many residents facing unexpected repair costs for their homes and vehicles. In response, the government has introduced new tax relief measures to help ease the financial burden. If you’re an expat living in Thailand, here’s how to check if you qualify for the 2024 flood repair tax allowance, what exemptions are available, and how to claim them.
Do You Qualify for Tax Relief?
You may be eligible for tax relief if:
- You incurred repair costs for a home or vehicle between 16 August and 31 December 2024.
- Your property or vehicle was damaged by floods in a government-declared disaster area.
- You are the owner of the damaged house or car.
If you meet these conditions, you can claim tax deductions and exemptions when filing your 2024 personal income tax return in early 2025.
What Tax Relief Is Available?
1. Personal Income Tax Deductions for Repairs
- Building repairs: Deduction of up to 100,000 baht.
- Vehicle repairs: Deduction of up to 30,000 baht.
If you had multiple properties or vehicles repaired, you must combine the total repair costs into a single deduction under each category.
2. Tax Exemptions on Compensation and Insurance Payouts
Certain payments received for flood recovery are not taxable, meaning you don’t need to include them in your 2024 personal income tax return.
- Government compensation payments for flood damage.
- Insurance payouts related to flood losses.
- Customs duty exemptions for flood relief donations.
This ensures that 100% of the support you receive goes toward your recovery, without additional tax liability.
How to Claim the Tax Relief
When filing your 2024 Thai personal income tax return, follow these steps:
✅ Keep all supporting documents and receipts for repair expenses.
✅ Verify that your property or vehicle was in a declared disaster area.
✅ Combine multiple repair claims into one deduction per category (buildings or vehicles).
✅ Ensure your claim follows the Revenue Department’s guidelines.
✅ Only official receipts from insurance companies or service providers are accepted—cash bills will not be valid.
⚠️ Warning: If your claim doesn’t meet the conditions, you could lose the deduction and face back taxes, penalties, and surcharges.
More Relief Coming?
The government is considering additional tax deductions for home repairs and asset replacement. If approved, this could provide further tax benefits for affected taxpayers.
Final Thoughts
If you’ve been impacted by the floods, these tax relief measures can help reduce your financial burden. Make sure to keep detailed records to maximise your deductions when filing your tax return.
Book a Free Consultation
If you have any any questions about you tax obligations, our experienced support team is ready to assist you. Schedule a free consultation today to discuss your situation with our experts.
