TAX ALLOWANCE

Cabinet has approved a healthcare insurance tax allowance of up to Bt15,000 per year for each individual, retroactive to January 1 this year as part of the government's policy to reduce the public sector's fiscal burden, Kobsak Pootrakool, vice minister of the PM's Office, said yesterday.

At present, each individual can buy 10-year or longer-term life insurance policies worth up to Bt100,000 per year for tax deductibility.
According to Kobsak, healthcare insurance will help increase financial security for people while reducing the government’s fiscal burden on public healthcare expenditure, which has been increasing over the past years.

TAX ALLOWANCE

Cabinet has approved a healthcare insurance tax allowance of up to Bt15,000 per year for each individual, retroactive to January 1 this year as part of the government's policy to reduce the public sector's fiscal burden, Kobsak Pootrakool, vice minister of the PM's Office, said yesterday.

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