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Bangkok Post
04-08-2025
- Business
- Bangkok Post
Law exempting tax on foreign income in the offing
The Revenue Department is expediting the introduction of legislation to exempt Thais from income tax on foreign-sourced earnings within this year. According to Pinsai Suraswadi, director-general of the department, the new law exempts income tax for Thai individuals who bring foreign-sourced income into Thailand within two years from when the income was earned. The details are still being discussed within the Finance Ministry. Once the law is promulgated this year, it may be applied retroactively, he said. Mr Pinsai said Thai individuals collectively have roughly 2 trillion baht in foreign income, and if this money were moved to Thailand it could stimulate the economy. The tax incentive encourages the repatriation of foreign income, he said. Many people invest abroad because they expect higher returns than they would earn from domestic investments. However, once they make a profit, they may be reluctant to bring the money back to Thailand due to tax considerations, said Mr Pinsai. Personal income tax in Thailand is applied on a progressive scale, ranging from 5% to 35%, depending on the level of income. On June 17, 2025, the cabinet approved the Finance Ministry's proposal to exempt personal income tax on capital gains from the sale of digital assets or cryptocurrency. This exemption would be effective as of Jan 1, 2025, and be valid through Dec 31, 2029. Mr Pinsai said the proposed crypto tax measure will be another tool to attract foreign funds into the country via the crypto trading market. The draft ministerial regulation is awaiting publication in the Royal Gazette, after which it will be enforced. With regard to the taxation of foreign-sourced income, the Revenue Department applies the Resident Rule principle. Under this principle, individuals who reside in Thailand for 180 days or more within a tax year (January to December) are considered tax residents and are subject to income tax on all income, whether earned domestically or abroad. Before 2024, individuals with foreign income had opportunities for tax planning to reduce their tax liability. The law at that time stipulated that foreign income brought into Thailand in the same year it was earned would be subject to tax. However, if the income was brought in after the year in which it was earned, no tax liability would apply. For example, foreign income earned in 2020 but brought into Thailand in 2021 would not be taxed. Under the current law on the collection of income tax from foreign-sourced income, effective since 2024, an individual is liable to pay personal income tax on such income regardless of the year it is brought into the country -- whether it be in the year in which it is earned or in any subsequent year.
RTÉ News
28-07-2025
- Politics
- RTÉ News
Thailand and Cambodia truce talks due as strikes continue
Thailand and Cambodia's leaders are due to meet for peace talks, as a festering territorial dispute along their shared frontier dragged into a fifth day of open combat. At least 35 people have been killed and more than 200,000 displaced since Thursday as the countries fight over a smattering of contested ancient temples. In an effort initiated by US President Donald Trump, Thailand's acting Prime Minister Phumtham Wechayachai and Cambodia's Prime Minister Hun Manet will meet at 8am Irish time in Kuala Lumpur. China is also expected to send a delegation. Ahead of the talks, Thailand and Cambodia traded fresh fire and accusations. "We do not believe Cambodia is acting in good faith, based on their actions in addressing the issue," Mr Phumtham told reporters as he departed Bangkok airport. "They need to demonstrate genuine intent, and we will assess that during the meeting." Cambodia's defence ministry spokeswoman Maly Socheata said today was "the fifth day that Thailand has invaded Cambodia's territory with heavy weapons and with the deployment of a lot of troops". In Thailand's Surin city, 30km from the border and a hub for evacuees fleeing the fighting, 58-year-old Lamduan Chuenjit shared her leader's scepticism. "I hope the negotiation goes well today and ends with a ceasefire," the cleaner said while sweeping a shopfront. "But I do wonder how trustworthy Cambodia is." On the eve of the talks, Thailand's military said Cambodian snipers were camping in one of the contested temples, and accused Cambodia of surging troops along the border and hammering Thai territory with rockets. It said fighting was ongoing at seven areas along the rural border region, marked by a ridge of hills surrounded by wild jungle and agricultural land where locals farm rubber and rice. "The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations," the Thai military statement read. On Saturday, President Trump said he made a late-night call to both leaders, who agreed to "quickly work out" a truce. Cambodian Prime Minister Hun Manet said the summit, which will be mediated by Malaysian leader Anwar Ibrahim, was also organised "with the participation of China", a key trade and political ally. "The purpose of this meeting is to achieve an immediate ceasefire, which was initiated by President Donald Trump and agreed to by both prime ministers of Cambodia and Thailand," Mr Hun Manet said. US Secretary of State Marco Rubio said that US officials "are on the ground in Malaysia to assist these peace efforts", while Mr Anwar told domestic media he would focus on securing an "immediate ceasefire". Thai King Maha Vajiralongkorn marks his 73rd birthday today, but a notice in the country's Royal Gazette said his public celebrations scheduled for Bangkok's Grand Palace have been cancelled amid the strife. Mr Trump has threatened both countries with eye-watering levies in his global tariff blitz unless they agree to independent trade deals, saying he would "look forward" to signing them once "Peace is at hand". Both sides have agreed to a truce in principle, while accusing the other of undermining peace efforts and trading allegations about the use of cluster bombs and targeting of hospitals. Thailand says eight of its soldiers and 14 civilians have been killed, while Cambodia has confirmed eight civilian and five military deaths. The Thai military said it has returned the bodies of 12 Cambodian soldiers killed in combat. More than 138,000 people have fled Thailand's border regions, while around 80,000 have been driven from their homes in Cambodia. With the skirmish enflaming nationalist sentiments, Thailand warned its citizens to "refrain from any kind of violence, whether in speech or action" against Cambodian migrants living in the country.
NZ Herald
28-07-2025
- Politics
- NZ Herald
Thailand and Cambodia truce talks due but strikes continue
'They need to demonstrate genuine intent, and we will assess that during the meeting.' Cambodia's defence ministry spokeswoman Maly Socheata said today was 'the fifth day that Thailand has invaded Cambodia's territory with heavy weapons and with the deployment of a lot of troops'. In Thailand's Surin city – 30km from the border and a hub of evacuees fleeing the fighting – 58-year-old Lamduan Chuenjit shared her leader's scepticism. 'I hope the negotiation goes well today and ends with a ceasefire,' the cleaner told AFP while sweeping a shopfront. 'But I do wonder how trustworthy Cambodia is.' On the eve of the talks, Thailand's military said Cambodian snipers were camping in one of the contested temples, and accused Phnom Penh of surging troops along the border and hammering Thai territory with rockets. It said fighting was ongoing at seven areas along the rural border region, marked by a ridge of hills surrounded by wild jungle and agricultural land where locals farm rubber and rice. 'The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations,' the Thai military statement read. On Saturday, Trump said he made a late-night call to both leaders, who agreed to 'quickly work out' a truce. Cambodian Prime Minister Hun Manet said the summit, which will be mediated by Malaysian leader Anwar Ibrahim, was also organised 'with the participation of China' – a key trade and political ally. 'The purpose of this meeting is to achieve an immediate ceasefire, which was initiated by President Donald Trump and agreed to by both Prime Ministers of Cambodia and Thailand,' Hun Manet said. US Secretary of State Marco Rubio said US officials 'are on the ground in Malaysia to assist these peace efforts', while Anwar told domestic media he would focus on securing an 'immediate ceasefire'. Both sides point the finger Thai King Maha Vajiralongkorn marked his 73rd birthday today, but a notice in the country's Royal Gazette said his public celebrations scheduled for Bangkok's Grand Palace have been cancelled amid the strife. Trump has threatened both countries with eye-watering levies in his global tariff blitz unless they agree to independent trade deals – saying he would 'look forward' to signing them once 'peace is at hand'. Both sides have agreed to a truce in principle, while accusing the other of undermining peace efforts and trading allegations about the use of cluster bombs and targeting of hospitals. Thailand says eight of its soldiers and 14 civilians have been killed, while Cambodia has confirmed eight civilian and five military deaths. The Thai military said it has returned the bodies of 12 Cambodian soldiers killed in combat. More than 138,000 people have fled Thailand's border regions, while about 80,000 have been driven from their homes in Cambodia. With the skirmish inflaming nationalist sentiments, Thailand warned its citizens to 'refrain from any kind of violence, whether in speech or action' against Cambodian migrants living in the country. – Agence France-Presse
Eyewitness News
28-07-2025
- Politics
- Eyewitness News
Thailand and Cambodia truce talks due but strikes continue
SAMRAONG - Thailand and Cambodia's leaders are due to meet for peace talks on Monday, as a festering territorial dispute along their shared frontier dragged into a fifth day of open combat. At least 35 people have been killed and more than 200,000 displaced since Thursday as the countries fight over a smattering of contested ancient temples. In an effort initiated by US President Donald Trump, Thailand's acting Prime Minister Phumtham Wechayachai and Cambodia's Prime Minister Hun Manet will meet at 3:00 pm (0700 GMT) in Kuala Lumpur. China is also expected to send a delegation. Ahead of the talks, Thailand and Cambodia traded fresh fire and accusations. "This is the fifth day that Thailand has invaded Cambodia's territory with heavy weapons and with the deployment of a lot of troops to grab Cambodia's land," said defence ministry spokeswoman Maly Socheata. The previous night, Thailand's military said Cambodian snipers were camping in one of the contested temples, and accused Phnom Penh of surging troops along the border and hammering Thai territory with rockets. It said fighting was ongoing at seven areas along the rural border region, marked by a ridge of hills surrounded by wild jungle and agricultural land where locals farm rubber and rice. "The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations," the Thai military statement read. On Saturday, Trump said he made a late-night call to both leaders, who had agreed to "quickly work out" a truce. Cambodian Prime Minister Hun Manet said the summit -- which will be mediated by Malaysian leader Anwar Ibrahim -- was also organised "with the participation of China" -- a key trade and political ally. "The purpose of this meeting is to achieve an immediate ceasefire, which was initiated by President Donald Trump and agreed to by both prime ministers of Cambodia and Thailand," Hun Manet said. US Secretary of State Marco Rubio said that US officials "are on the ground in Malaysia to assist these peace efforts", while Anwar told domestic media he would focus on securing an "immediate ceasefire". BOTH SIDES POINT THE FINGER Thai King Maha Vajiralongkorn marked his 73rd birthday on Monday, but a notice in the country's Royal Gazette said his public celebrations scheduled for Bangkok's Grand Palace have been cancelled amid the strife. Both Thailand and Cambodia have agreed in principle to a truce -- but accused each other of undermining armistice efforts and of firing first. Trump has threatened both countries with eye-watering levies in his global tariff blitz unless they agree to independent trade deals. "When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!" he wrote on social media. But each side has also blamed the other for undermining peace efforts. The Thai foreign ministry accused Cambodian forces of firing shells into civilian homes in Surin province. "Any cessation of hostilities cannot be reached while Cambodia is severely lacking in good faith," the ministry said. Meanwhile, Cambodia's defence ministry accused Thailand of "deliberate and coordinated acts of aggression". Thailand says eight of its soldiers and 14 civilians have been killed, while Cambodia has confirmed eight civilian and five military deaths. The Thai military said it had returned the bodies of 12 Cambodian soldiers killed in combat. The conflict has forced more than 138,000 people from Thailand's border regions, and 80,000 have been driven from their homes in Cambodia. The Cambodian government has also accused Thai forces of using cluster munitions, while Bangkok has accused Phnom Penh of targeting hospitals. With the conflict enflaming nationalist sentiments, Thailand issued a warning to its citizens to "refrain from any kind of violence, whether in speech or action" against Cambodian migrants living in the country.
LeMonde
28-07-2025
- Politics
- LeMonde
Thailand and Cambodia truce talks due Monday as strikes continue
Thailand and Cambodia's leaders are due to meet for peace talks on Monday, July 28, as a festering territorial dispute along their shared frontier dragged into a fifth day of open combat. At least 35 people have been killed and more than 200,000 displaced since Thursday as the countries fight over a smattering of contested ancient temples. In an effort initiated by US President Donald Trump, Thailand's acting Prime Minister Phumtham Wechayachai and Cambodia's Prime Minister Hun Manet will meet at 3 pm (0700 GMT) in Kuala Lumpur. China is also expected to send a delegation. Ahead of the talks, Thailand and Cambodia traded fresh fire and accusations. "This is the fifth day that Thailand has invaded Cambodia's territory with heavy weapons and with the deployment of a lot of troops to grab Cambodia's land," said defense ministry spokeswoman Maly Socheata. The previous night, Thailand's military said Cambodian snipers were camping in one of the contested temples, and accused Phnom Penh of surging troops along the border and hammering Thai territory with rockets. It said fighting was ongoing at seven areas along the rural border region, marked by a ridge of hills surrounded by wild jungle and agricultural land where locals farm rubber and rice. "The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations," the Thai military statement read. On Saturday, Trump said he made a late-night call to both leaders, who had agreed to "quickly work out" a truce. Cambodian Prime Minister Hun Manet said the summit – which will be mediated by Malaysian leader Anwar Ibrahim – was also organised "with the participation of China" – a key trade and political ally. "The purpose of this meeting is to achieve an immediate ceasefire, which was initiated by President Donald Trump and agreed to by both prime ministers of Cambodia and Thailand," Hun Manet said. US Secretary of State Marco Rubio said that US officials "are on the ground in Malaysia to assist these peace efforts", while Anwar told domestic media he would focus on securing an "immediate ceasefire". Both sides point the finger Thai King Maha Vajiralongkorn marked his 73rd birthday on Monday, but a notice in the country's Royal Gazette said his public celebrations scheduled for Bangkok's Grand Palace have been cancelled amid the strife. Both Thailand and Cambodia have agreed in principle to a truce – but accused each other of undermining armistice efforts and of firing first. Trump has threatened both countries with eye-watering levies in his global tariff blitz unless they agree to independent trade deals. "When all is done, and Peace is at hand, I look forward to concluding our Trading Agreements with both!" he wrote on social media. But each side has also blamed the other for undermining peace efforts. Help us improve Le Monde in English Dear reader, We'd love to hear your thoughts on Le Monde in English! Take this quick survey to help us improve it for you. The Thai foreign ministry accused Cambodian forces of firing shells into civilian homes in Surin province. "Any cessation of hostilities cannot be reached while Cambodia is severely lacking in good faith," the ministry said. Meanwhile, Cambodia's defense ministry accused Thailand of "deliberate and coordinated acts of aggression". Thailand says eight of its soldiers and 14 civilians have been killed, while Cambodia has confirmed eight civilian and five military deaths. The Thai military said it had returned the bodies of 12 Cambodian soldiers killed in combat. The conflict has forced more than 138,000 people from Thailand's border regions, and 80,000 have been driven from their homes in Cambodia. The Cambodian government has also accused Thai forces of using cluster munitions, while Bangkok has accused Phnom Penh of targeting hospitals. With the conflict enflaming nationalist sentiments, Thailand issued a warning to its citizens to "refrain from any kind of violence, whether in speech or action" against Cambodian migrants living in the country.
