Thailand plans to strengthen its overseas income tax regulations in an effort to address income inequality and generate more revenue for economic stimulus initiatives. The country’s finance ministry recently introduced stricter rules on overseas income, Prime Minister Sreta Tavisin revealed during a business forum. These updated regulations, which take effect from 1 January 2024, will allow the authorities to impose taxes on the foreign income of individuals if they have resided in Thailand for at least 180 days in a given year of assessment. The Department of Revenue of Thailand will provide further clarification on the application of these rules.

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