Our corporate member, Tilleke & Gibbins, has recently made the Chamber aware of the enforcement of income earned outside Thailand by residents of Thailand. From the 1 January 2024, the offshore-sourced income of tax residents will be subject to Thai personal income tax (PIT) in any year that it is brought into Thailand. However, there are still many questions to be answered in this regard. The practical enforcement of the new regulation as well how to document income outside Thailand etc.

Interested? Please read more here from Tilleke & Gibbins (16 October 2023).