October 1, 2023 11:17 pm
Thailand Strengthens Tax Regulations on Foreign Revenue to Help Economy

Thailand is arranging to strengthen its tax regulations on overseas earnings in an work to address earnings inequality and create a lot more income for financial stimulus initiatives. The country’s finance ministry lately introduced a lot more stringent guidelines on overseas earnings, disclosed Prime Minister Srettha Thavisin for the duration of a small business forum. These updated regulations, powerful from January 1, 2024, will let authorities to impose taxes on individuals’ foreign earnings if they have resided in Thailand for a minimum of 180 days in a provided assessment year. The Thai Income Division will present additional clarification on the implementation of these guidelines.

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