A law governing the exchange of information about people’s deposit accounts among signatory countries is expected to come into force next year, says Revenue Department director-general Lavaron Sangsnit.
The law is meant to enhance the countries’ tax revenue collection, he said.
Mr Lavaron said the Thai cabinet approved the draft law, which was initiated by members of the Organisation for Economic Co-operation and Development (OECD).
The draft law passed the first hearing in the House of Representatives. If it passes three hearings this year, it is expected to come into effect in 2024.
Under the law, the signatory…
