Sat. Sep 30th, 2023
Thailand Strengthens Tax Rules on International Revenue to Help Financial system

Thailand is planning to strengthen its tax rules on abroad revenue in an effort to handle revenue inequality and generate extra income for financial stimulus initiatives. The nation’s finance ministry just lately launched extra stringent guidelines on abroad revenue, disclosed Prime Minister Srettha Thavisin throughout a enterprise discussion board. These up to date rules, efficient from January 1, 2024, will enable authorities to impose taxes on people’ overseas revenue if they’ve resided in Thailand for no less than 180 days in a given evaluation yr. The Thai Income Division will present additional clarification on the implementation of those guidelines.

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