Thailand to Implement Stricter Tax Regulations on Foreign Earnings to Enhance Financial Stability
Thailand is taking actions to address revenue inequality and create income for financial stimulus measures by tightening its tax guidelines on overseas revenue. The finance ministry not too long ago introduced stricter regulations on overseas revenue, which will be implemented on January 1, 2024. Beneath these new guidelines, men and women who have been residents of Thailand for at least 180 days in a distinct assessment year will be topic to taxation on their foreign revenue. This initiative aims to close loopholes in the tax method and make certain a fairer distribution of revenue in the nation.
