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On October 3rd, the Thai Revenue Department issued an income tax payment order under Section 41 (2) of the Revenue Code. The new tax policy stipulates that foreign individuals residing in the country for more than 180 days a year will be subject to this taxation provision. This policy will take effect on January 1, 2024. The new tax regulations state that when foreign individuals transfer their overseas income to Thailand, they will be required to pay personal income tax in Thailand. However, transferred savings are not included. This income includes income from any source, and income from overseas cryptocurrency transactions will also be included. In September, it was reported that the Thai government was planning to implement new tax measures targeting foreign individuals. |
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Post time 6-10-2023 12:37:34
