October 2, 2023 6:00 am
Thailand to Implement Stricter Tax Regulations on Foreign Earnings to Boost Economic Stability

Thailand is taking steps to address income inequality and generate revenue for economic stimulus measures by tightening its tax rules on overseas income. The finance ministry recently introduced stricter regulations on overseas income, which will be implemented on January 1, 2024. Under these new rules, individuals who have been residents of Thailand for at least 180 days in a specific assessment year will be subject to taxation on their foreign income. This initiative aims to close loopholes in the tax system and ensure a fairer distribution of income in the country.

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