Showing 1 - 10 of 11
Law exempting tax on foreign income in the offing
Business, Wichit Chantanusornsiri, Published on 05/08/2025
» The Revenue Department is expediting the introduction of legislation to exempt Thais from income tax on foreign-sourced earnings within this year.
Inheritance tax collection rising sharply
Business, Wichit Chantanusornsiri, Published on 27/02/2025
» The Revenue Department has collected revenue from inheritance tax worth more than 4 billion baht over the past 10 years, with more than 1.5 billion collected in the last fiscal year alone.
Luring foreigners to real estate
Business, Wichit Chantanusornsiri, Published on 16/11/2024
» Finance Minister Pichai Chunhavajira is looking at several options to stimulate the country's economy, with a focus on attracting more foreign investors.
Navigating new foreign income rules
Business, Wichit Chantanusornsiri, Published on 27/06/2024
» Benjamin Franklin famously said in reference to the US Constitution 235 years ago that only two things are certain in this world: death and taxes.
Julapun defends new property proposals
Business, Wichit Chantanusornsiri, Published on 26/06/2024
» The proposal to allow foreigners to purchase real estate in Thailand will help stimulate the local economy, says Deputy Finance Minister Julapun Amornvivat.
New overseas income rules proposed
Business, Wichit Chantanusornsiri, Published on 05/06/2024
» The Revenue Department is preparing to amend the law to collect taxes from individuals who have income from abroad, even if that income is not brought into the country.
Cabinet okays 10-year EEC visa for foreigners
Business, Wichit Chantanusornsiri, Published on 15/05/2024
» The cabinet has approved a special 10-year visa for executives and experts working in the Eastern Economic Corridor (EEC) to support the development of targeted industries in the country.
Another payment stream for retirees
Business, Wichit Chantanusornsiri, Published on 30/10/2023
» The global population has increased rapidly in the last 30 years, while two-thirds of people older than age 60 are in developing countries, especially in Asia.
Amendment to see overseas income taxed
Business, Wichit Chantanusornsiri, Published on 26/09/2023
» The Revenue Department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT), according to Paragraph 2 of Section 41 of the Revenue Code.
Government Savings Bank tweaks lending rules to calm fears
Business, Wichit Chantanusornsiri, Published on 18/07/2019
» The state-owned Government Savings Bank (GSB) has loosened reverse mortgage lending criteria by waiving a requirement for consent from the borrower's cousins in an effort to enable the elderly to better access the loan.