Thailand is planning to strengthen its tax regulations on overseas income in an effort to address income inequality and generate more revenue for economic stimulus initiatives. The country’s finance ministry recently introduced more stringent rules on overseas income, disclosed Prime Minister Srettha Thavisin during a business forum. These updated regulations, effective from January 1, 2024, will allow authorities to impose taxes on individuals’ foreign income if they have resided in Thailand for a minimum of 180 days in a given assessment year. The Thai Revenue Department will provide further clarification on the implementation of these rules.