On 13 November 2013, the Government won House approval to start negotiations with the US to start negotiating about an agreement on the US’s Foreign Account Tax Compliance Act (FACTA) reports The Nation.
The FATCA was enacted in 2010 by Congress to target non-compliance by US taxpayers using foreign accounts.
Chaninat and Leeds specialize in Thailand Business Law
However before this can formally become law in Thailand, parliamentary approval is required.
Read the full story here.
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