Thailand is preparing to strengthen its tax regulations on overseas revenue in an work to address revenue inequality and produce far more income for financial stimulus initiatives. The country’s finance ministry lately introduced far more stringent guidelines on overseas revenue, disclosed Prime Minister Srettha Thavisin throughout a company forum. These updated regulations, efficient from January 1, 2024, will let authorities to impose taxes on individuals’ foreign revenue if they have resided in Thailand for a minimum of 180 days in a provided assessment year. The Thai Income Division will give additional clarification on the implementation of these guidelines.