Thailand is taking steps to address income inequality and generate revenue for economic stimulus measures by tightening its tax rules on overseas income. The Ministry of Finance recently introduced stricter regulations on overseas income, which will be implemented on 1 January 2024. Under these new rules, individuals who have been resident in Thailand for at least 180 days in a given year of assessment 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.

By Editor

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