Tips for Thai Expats: Save Tax by Contributing to RMFs and SSFs
Submitted by Creveling & Creveling Private Wealth Advisory on November 10th, 2020By Peggy Creveling, CFA, and Chad Creveling, CFA
As the end of the year approaches, expats working in Thailand may wish to consider sheltering some of their income from Thai tax by contributing to Thailand’s Retirement Mutual Funds (RMFs) or the new Super Saver Funds (SSFs). With a bit of planning, you may be able to save up to THB 175,000 (or about USD 5,700) this year in Thai taxes by contributing to these types of tax-advantaged funds.