Tax perks in push for more children
Individual taxpayers can claim child allowance deductions for an unlimited number of biological children or up to three foster children under the new personal income tax structure effective from the 2017 tax year. The move, among other changes, is aimed at encouraging people to have more children, in line with government policy as Thailand is categorised as an ageing society, said Prasong Poontaneat, director-general of the Revenue Department. The new structure abolishes the previous cap on the child allowance, limited to three regardless of biological or adopted children. The allowance per child also doubles to 30,000 baht from 15,000, said Mr. Prasong. If taxpayers have both biological and adopted children, they can deduct the allowance for up to three children, he said.
