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May 2025
According to recent media releases, Thailandโ€™s Revenue Department is advancing legislative amendments on how foreign income remitted to the country is taxed โ€” a move with significant implications for Thai residents and global professionals. ๐—ฃ๐—ฟ๐—ฒ๐˜ƒ๐—ถ๐—ผ๐˜‚๐˜€ ๐—–๐—ต๐—ฎ๐—ป๐—ด๐—ฒ๐˜€: Progressive Taxation (5%-35%): Thai tax residents (individuals residing in Thailand โ‰ฅ180 days/year) must now declare โ€œall foreign income remitted...
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By Dr. Paul Crosio April 2025 Thailandโ€™s Ministry of Justice has unveiled draft amendments to the Anti-Money Laundering Act B.E. 2542 (1999). This signalled a significant escalation in efforts to combat financial crime, corruption, and illicit foreign ownership structures. The proposed changes, open for public consultation until April 25, 2025, aim to align Thailand with...
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