Thai Government to Begin Taxing Foreign-Sourced Income as of 2024
On September 15, 2023, the Thai Revenue Department (TRD) released Departmental Instruction No. Paw 161/2566 (2023) concerning income tax payments according to Section 41, Paragraph 2 of the Thai Revenue Code (TRC). This newly introduced guidance is expected to have a significant impact on the tax regulations governing the repatriation of foreign-sourced income to Thailand […]
Australian property: the exception or the rule?
By Paul Gambles, Managing Partner, MBMG Group, Bangkok The huge rise in Australian residential property prices (the 8-capital house price index has more than doubled since Q3 2003, whereas Consumer Price Index inflation has increased by less than 40%) has prompted comparisons with Spain, where prices roughly doubled between 2001 and 2007 before moving pretty much […]
