Thailand Tax Agency Clarifies Payment of Personal Income Tax on Income From Abroad

The Thai Revenue Department Sept. 18 posted online Order No. P.161/2023, clarifying personal income tax on income from work duties or business conducted abroad, or arising from assets located abroad. The clarification explains that, effective Jan. 1, 2024, income of residents earned or attributable to assets abroad is subject to personal income tax in Thailand for the year of assessment in which the income is brought into Thailand. [Thailand, Revenue Department, 09/18/23]

Reference: View Order No. P.161/2023. View Index.