Thailand has in force a double tax treaty with each of the countries having a Foreign Chamber of Commerce in Thailand. Thailand does not have domestic law provisions to implement tax treaty which provide for disclosure and exchange of taxpayer information between the Revenue Department and the taxation authorities of a tax treaty partner country.
Transparency is essential to facilitate international business and commerce.
Names of taxpayers and amount of tax paid. Names of auditors and their behavior in connection with the audit and certification of accounts under Section 3 septem. Any officer who contravenes the provisions of Section 10 shall be guilty and punished with a fine not exceeding 500 baht or imprisonment not exceeding 6 months or both. Signed Date Ratification Exchanged 1. United States of America 2.