Thailand Strengthens Tax Regulations on Foreign Revenue to Assistance Economy
Thailand is organizing to strengthen its tax regulations on overseas revenue in an work to address revenue inequality and produce additional income for financial stimulus initiatives. The country’s finance ministry lately introduced additional stringent guidelines on overseas revenue, disclosed Prime Minister Srettha Thavisin throughout a business enterprise forum. These updated regulations, powerful from January 1, 2024, will permit authorities to impose taxes on individuals’ foreign revenue if they have resided in Thailand for a minimum of 180 days in a offered assessment year. The Thai Income Division will give additional clarification on the implementation of these guidelines.
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