Legal Services & Resources 

Tax issues Tax in Thailand are becoming more stringent especially with regards to foreigners purchasing condos whereby buyers must also prove that the money is in fact their own money.

Crackdowns continue in Thailand especially regarding the use of Thai nominees whereby one issue concerns a certain group of foreign nationals using tourist visas to operate nominee businesses thereby evading tax too.

It seems like Thailand has set a target to join the OECD by 2028, even though the benefits to Thailand are not obvious, and in fact may hurt the business sector overall.

Thai Authorities are focusing on nominee corporate structures but another issue of concern could be that illicit companies could move capital through before taxes are filed thereby evading payment of taxes.

Oftentimes innocuous topics are used as a smoke screen to draw attention away from more important issues, for example the SWIFT System from which folks' attention was drawn by applying focus on Taylor Swift.

The OECD continues to try and influence Thailand which is a concern as it will create extra-territorial jurisdiction as evidenced by statements made recently during a forum on Thailand's future direction.

Crackdowns on nominee structures in Thailand are ongoing, mainly because not only is foreign ownership of land not permitted, but also because the 2% tax for property transfers is not being paid.