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: For the tax year 2024, you can download the premium payment certificate from 7 January 2025 onwards.
Remarks:
- Rules of tax deduction right are as specified by the Revenue Department.
- Any changes to the insurance contract details, cancellation of riders, or surrendering of the policy before the specified time, or incompliance to the conditions set by the Revenue Department may affect the eligibility for personal income tax deductions.
- Conditions are as specified by Muang Thai Life Assurance PCL.