Thai Revenue Department Introduces Significant Tax Policy Changes

On September 18, 2023, Thai Revenue Department introduced Order No. 161/2023, changing tax rules for foreign income in Thailand. Effective January 1, 2024, individuals must calculate their Thai income tax when bringing foreign earnings into the country. This aligns with global standards and may impact various investors. For guidance on Thai tax law, contact GWA ASIA's Bangkok office at [email protected].

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