Exclusive

Global private banks eye Thai windfall after sweeping tax change

By Stanley Yupu Li , senior reporter | 26 March 2024 | 5 minutes read

A sweeping change to tax rules in Thailand could drive more of the Southeast Asian country’s burgeoning wealth into the hands of foreign private banks and asset managers, according to bankers and lawyers. Starting 1 January 2024, Thai residents who intend to bring foreign-sourced income into the country have to pay personal income tax of up to 35% upon remittance,…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]