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Malaysia -
Thailand 10%

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Malaysia 2%-60%
Thailand 0%-80%

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from THB 1 per THB 1,000 of value on most contracts and agreements to a fixed amount per instrument on most commercial and other documents.

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Value-added tax (VAT) 10%
reduced to 7% until 30 Sept 2023

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Contributions to funds are deductible up to 30% of the taxable income subject to income tax

maximum of THB 500,000 in retirement mutual fund contribution

maximum of THB 200,000 in super savings fund investment

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Retirement mutual fund contribution and Super savings fund investment

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Retirement mutual fund contribution and Super savings fund investment

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A maximum of THB 60,000 per pregnancy can be deducted for prenatal care and delivery expenses paid by the taxpayer or spouse.

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Expenses for antenatal care and child delivery

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Expenses for antenatal care and child delivery

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THB 60,000 each for the taxpayer and the taxpayer’s spouse together.

THB 30,000 allowance per child and an additional THB 30,000  for the second child born in 2018 or later.

A nursing allowance of THB 30,000 is deducted per parent.

A deduction of THB 60,000 per person for caring for disabled or incapacitated persons.

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Interest on the purchase or construction of a home in Thailand ( max THB 100,000)

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Life insurance premiums paid by the taxpayer for themselves do not exceed THB 100,000.

The taxpayer's non-income spouse's life insurance premium can be up to THB 10,000.

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Resident: 24%
Non-Resident:24%

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Deduct up to 10% of net income from the donation amount:

1. Donate to educational institutions, public health care institutions, religious institutions and approved charities.

2. Donate to support correcting COVID-19 issues and also support vaccine research, development, production, and distribution.

Double deductible up to 10% of net income:

1. Donate to support education and state hospital.

2. Cash donations to political parties to support political party fundraising activities. (maximum THB 10,000)

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Employment income allows a standard deduction of 50% up to a maximum of THB 100,000.

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-        There is a personal allowance of MYR 9,000 for each taxpayer and MYR 4,000 for taxpayer's spouse (under joint assessment).

-        There is an allowance for MYR 2,000 each child below 18 years of age and allowances of MYR 8,000 if child over 18 years old who is receiving full-time instruction at an establishment of higher education in Malaysia (diploma level or above) or outside Malaysia (degree level and above) or serving under article of indentures in a trade or profession.

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-       The deduction can help the taxpayer to claim the housing loan interest incurred as personal tax relief up to RM10,000 per year for 3 consecutive years of assessment from the year of assessment in which the loan interest is first expended.

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Sales Tax 10%
Service Tax 6%

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Three types of insurance/Coverage have 100% of premium claimable.

-       Life

-       Disability

-       Life/Education

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(All categories combined) Reduction of 10% of aggregate income:
-       Donation of money to approved institutions, organisations, or funds
-       Donation of money or cost of contribution in kind for any approved sports activity or sports body
-       Donation of money or cost of contribution in kind for any project of national interest approved by Ministry of Finance
-       Donation of money in the form of wakaf to any religious authorities, public universities; gift of money in the form of endowment to a public university

Reduction limited to RM20,000:
-       Donation of money for provision of library facilities or to libraries
-       Donation of money or medical equipment to any healthcare facility approved by the Ministry of Health

Reduction no limit:
-       Donation of money to the government, state government, or local authorities
-       Donation of artifacts, manuscripts, or paintings
-       Donation of money or contribution in kind for the provision of facilities in public places for the benefit of disabled persons
-       Donation of paintings to the National Art Gallery or any state art gallery

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-       Cars or household items provided for private use are valued at prescribed rates that could be lower than the actual cost incurred by the employer.

-       Rent-free accommodation provided by the employer is valued at the lower of 30% of the employee’s total cash remuneration or the actual rental value.

-       Medical treatment for employee and immediate family

-       Leave passage for travel for employee and immediate family.

- Benefits for child care provided by the employer

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Malaysia: 28%
Thailand: Same as Resident

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Malaysia: 0%-30%
Thailand: 0%-35%

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Malaysia 0%
Thailand 10%

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Malaysia 10%
Thailand 15%

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Malaysia 15.5%
Thailand 15%

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Tax Differences Between Malaysia and Thailand

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Tax Differences Between Malaysia and Thailand