Thailand is planning to strengthen its tax laws on abroad revenue in an effort to deal with 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 laws, efficient from January 1, 2024, will permit authorities to impose taxes on people’ international revenue if they’ve resided in Thailand for no less than 180 days in a given evaluation 12 months. The Thai Income Division will present additional clarification on the implementation of those guidelines.
Thailand Strengthens Tax Laws on Overseas Revenue to Help Financial system
