Why do you have to state your intention?
Who has to do it?
All policy holders of Allianz Ayudhya who wish to exercise the right to receive ordinary person income tax deductions from insurance premium payments.
According to an announcement made by the Director-General of the Revenue Department, policy holders who wish to exercise the right to receive tax deductions from life insurance premiums and health insurance premiums are required to give consent to their insurance company in order to send premium information to the Revenue Department.
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|Tax Deduction Type
|Deduction Rights (THB)
|Regular protection contracts.
|Health insurance premiums (for self).*
|Pension insurance premiums.
|Health insurance premiums (policies for parents).**
Insurance premium tax deduction privileges have to be exercised within each tax year only.
* As of 2020, you can receive up to 25,000 baht in tax deductions and, when combined with life insurance, up to 100,000 baht.
**The expression of intention will be complete only after the insured and the premium payer has given consent. Accordingly, in the policy information, it is necessary to also state the names of children wishing to receive tax deductions as the premium payers.
Notification is via multiple channels.
*Except for cases where children purchased health plans for their parents.
This must be done through a “letter of consent for disclosure of information to the Revenue Department for tax benefits.”
Send it to the company by email at firstname.lastname@example.org, fax or postal service by using the company’s address.