Customers who have signed a loan agreement since January 1, 2021, can apply to the bank for the right to reduce income tax on loan interest and allow the bank to provide information to the Revenue Department.
Chatchai Sirilai, Managing Director of the State Housing Bank (GHB), said that this innovation would make life easier for customers who want to use the rights to deduct interest on loans. Customers who have signed a loan agreement since January 1, 2021, submit information to the Revenue Department. And there is no need to get a certificate of interest from the bank again, as the tax administration can use the information from the bank.
You can request a tax exemption online, via a special application. Customers who have fulfilled the requirements in the form will use the right to deduct interest tax on the loan without receiving a bank statement.