The Finance Ministry has agreed in principl to extend tax incentives for investment in long-term equity funds (LTFs), which were scheduled to expire at the end of 2016, with a requirement of a longer investment period and potentially cutting the tax privileges.
Some taxpayers are eligible to deduct up to 1.2 million baht of taxable income if they use all tax incentives. The tax allowance for mortgage interest is capped at 100,000 baht a year, life insurance premiums at 300,000 baht each per year and retirement mutual funds at 500,000 baht annually.