Tips for Thai Expats: Use RMFs and LTFs to Save on Thai Taxes
Submitted by Creveling & Creveling Private Wealth Advisory on November 5th, 2019By Peggy Creveling, CFA, and Chad Creveling, CFA
As the end of the 2019 tax year approaches, expats working in Thailand may wish to consider sheltering some of their income from Thai tax by contributing to Thailand’s Long-Term Equity Funds (LTFs) and Retirement Mutual Funds (RMFs). With a little bit of planning, you can save up to THB 350,000 (or about USD 11,700) this year in Thai taxes by contributing to both of these tax-advantaged funds.
