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Home » CRS

Slowly but surely, the Thai net is closing in on the taxpayer

By Hans Bosch
Posted in Thailand tax, Expats and retirees
Tags: Tax evasion, Foreigners, Common Reporting Standard Exchange, CRS, expats, Pensioner, Pit24

October 20, 2024

Attention foreigners in Thailand: The Thai tax authorities now have new tools to track financial flows thanks to the Common Reporting Standard (CRS). This system, intended to combat tax evasion, can provide insight into foreign money transfers. The question is whether the Thai authorities are ready for practical implementation. Expect a stricter approach and possibly intensive controls soon.

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Slowly but surely, the Thai net is closing in on the taxpayer