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<a href="http://www.accessmylibrary.com/article-1G1-122961710/tax-deductions-life-insurance.html" title="Facts and information about Tax Deductions for Life Insurance Premiums Under Scrutiny in Thailand.">Tax Deductions for Life Insurance Premiums Under Scrutiny in Thailand.</a>
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Tax Deductions for Life Insurance Premiums Under Scrutiny in Thailand.
Mar. 6--The government would lose 240 million baht in annual revenue if tax deductions for life insurance premiums were increased to 50,000 baht per taxpayer from 10,000 baht, a study has shown.
The Thai Life Assurance Association lodged its findings with the Commerce Ministry yesterday, saying that if the government had increased the deduction this year, it might have lost 1.5 billion baht. However, against that figure it would have collected 1.26 billion baht in tax from sales agents, company profits and returns on investment.
The revenue would exceed the tax loss by 816 million baht next year and by about 2.2 billion baht in 2004, according to the ...
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