What is the personal tax allowance in Thailand?

In Thailand, the personal tax allowance system incorporates a range of deductions and allowances aimed at reducing taxable income for individuals, including both residents and foreign residents. Standard allowances include personal and spouse allowances of 60,000 Baht each, provided the spouse does not file their own return. Additionally, there is a 30,000 Baht allowance for each child, with an extra 30,000 Baht for the second child born in or after 2018. Deductions for the care of dependent parents or a disabled or incapacitated person offer 30,000 Baht and 60,000 Baht respectively. For employment income, a standard deduction of 50% up to 100,000 Baht is permitted. Other specific deductions cover life and health insurance premiums, contributions to retirement and savings funds, mortgage interest, and charitable contributions, among others. Notably, the system also allows for tax deductions related to health insurance premiums, including premiums for the taxpayer and their parents, with varying limits. The detailed structuring of these allowances and deductions is designed to offer tax relief based on personal circumstances and financial commitments.