Thailand’s Revenue Department has unveiled its plans to impose personal income tax on the foreign earnings of residents. According to reports, this proposed tax policy has specific targets in the population, including crypto traders who reside in the Southeast Asian country for up to 180 days a year.
Thailand’s Revenue Department Tweaks Tax Policy
On Tuesday, September 19, the Bangkok Post reported that Thailand’s Revenue Department had reviewed a section of the country’s Revenue Code. The new rule now states that any person who lives in the Thai Kingdom for at least 180 days a year and earns foreign income from work or assets will be subject to personal income tax.
Based on the analysis of legal experts, this new policy seems to have three specific targets, including Thailand residents who participate in foreign stock markets through foreign brokerages, cryptocurrency traders, and Thais who exploit the current taxation…
