The Revenue Department has required taxpayers, who would like to exercise personal income tax deduction right from health insurance premium (purchased from 1 January 2018 onwards), life insurance premium, annuity premium, and health insurance premium of parents of taxpayers and spouses (from 1 January 2020 onwards), to declare the intention to the Company so that the Company could submit premium payment information to the Revenue Department. Without the declaration, you cannot exercise the right.
Without the declaration, you may not be able to exercise the tax deduction right from premium as specified by the Revenue Department.
After you successfully declare your intention, the Company will electronically submit premium payment information to the Revenue Department. In this regard, the Company would like to cancel the delivery of paper certificates of premium payment from the tax year 2021 onwards. You may download the certificate of premium payment by yourself via
Remarks:Rules of tax deduction right are as specified by the Revenue Department.
Conditions are as specified by Muang Thai Life Assurance PCL.