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Thailand to Provide Tax Exemption on Foreign Income Remitted by Resident Individuals Within a Certain Timeframe

|Proposed Changes|Thailand
Thailand

According to recent reports, the Thai Revenue Department is drafting a royal decree to provide a tax exemption on foreign income remitted by resident individuals within a certain timeframe in order to encourage the repatriation of foreign-earned funds and boost domestic investment. As previously reported, Thailand introduced new rules with effect from 1 January 2024 that provide for the taxatio…

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