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Sunday, May 5, 2024

Rethink urged on proposed tax on overseas income

Mr Trawut recommends any tax on investment in foreign stocks be clearly defined to ensure fairness for all investors.

The government is being recommended to review foreign income tax collection as a new tax will affect many retail investors who have invested overseas, says Jitta Wealth Asset Management.

Jitta chief executive Trawut Luangsomboon said the Revenue Department should reconsider its plan to require those with income from abroad to include their assessed…

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