Common Reporting Standards
Tax Advisory Disclaimer
The information on this website is for informational purposes only and is not professional tax advice. For full details, please consult our complete Tax Advisory Disclaimer.
Thailand joined the Common Reporting Standards (CRS) and Automatic Exchange of Information (AEOI) agreements. As of September 2023, the Thai Revenue Department can receive information from other CRS-affiliated revenue departments. If audited, you must prove that any money you transferred into Thailand is not taxable income.
If you are required to file a tax return, you must obtain a Tax Identification Number (TIN). Non-compliance can result in severe penalties, including a fixed fine, a penalty of up to 200% of the unpaid tax, and an additional 1.5% charge per month on the amount owed.
