Thailand Clarifies Effect of Change in Approach to Taxation of Income Derived from Abroad for Personal Income Tax Purposes

The Thai Revenue Department recently issued Revenue Department Order No. P.162/2023, which clarifies the effect of the change in approach to the taxation of income derived from abroad for personal income tax purposes as changed by Revenue Department Order No. P.161/2023. As previously reported, Order No. P.161/2023 provided that any assessable income derived from abroad will be subject to ta…
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