The Thai Ministry of Finance, alongside the Bank of Thailand and regulatory agencies, is advancing a comprehensive framework to target illicit financial flows and money laundering within the domestic gold market. While initial policy discussions evaluated a low-rate specific business tax on gold transactions to capture audit trails, financial authorities are prioritizing an integrated data-sharing […]
I sit on the terrace after a morning swim with my laptop on my lap, soaking up the peaceful atmosphere of a sunny morning on one of the last days of this outgoing year. What was this “old” year like and what will the “new” year 2026 be like? Turbulent? Surprising? Or even shocking? In […]
The interpretation of Section 41 Paragraph 2 of the Thai Revenue Code underwent a significant shift with the new law issued on September 15, 2023. Previously, Thai tax residents were taxed only on their foreign-sourced income if it was brought into Thailand within the same tax year. This interpretation meant that income from employment, overseas […]
