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Friday, May 3, 2024

Amendment to see overseas income taxed

Must be factored into personal income tax

A taxpayer submits personal income tax forms to a Revenue Department official. The department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT). (Photo: Apichit Jinakul)

The Revenue Department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT),…

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