Data exchange to fight tax evasion

Mr Lavaron says the Revenue Department is in the process of bringing one international treaty Thailand signed to parliament for ratification. (Photo: Seksan Rojjanametakun)

Starting this month, the exchange of financial information should help combat transnational tax evasion, says director-general of the Revenue Department Lavaron Sangsnit.

In 2017, Thailand joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as the 139th member state to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), a multilateral treaty developed by the Organisation for Economic Co-operation and Development (OECD). As of March 2023, 168 countries were signatories.