Legal Spotlight – Taxation of Overseas Income of Thai Tax Residents

Blog Construction News
NARIT & Associates cordially invites you to LEGAL SPOTLIGHT on:


A practical course will talk you through Thai taxation of overseas income of Thai tax residents in light of Revenue Department’s new interpretation of Section 41 of the Revenue Code (Departmental Instruction No. 161/2566), as revised effective date (Department Instruction No. 162/2566), departmental further clarification note, possible few solutions and a future trend going forward.

We would like to invite you to this in-house mini seminar as it may impact your tax liability and existing tax planning.

In this in-house mini seminar, you will learn these crucial topics:

•   Overview & Backgrounds: How Thailand Taxes its Tax Residents on Foreign
Sourced Income?
•   Who is a Thai Tax Resident?
•   Revenue Department’s New Interpretation (Re-Interpretation) of Section 41 of
the Revenue Code & Its Impact
•   Understanding Privilege for a Holder of Long Term Resident (LTR) Visa
•   What are reliefs provided by tax treaty? What is an issue with a foreign
tax credit?
•   Problem with a Loan Solution
•   Future Trend

Event Details:

Topic:Taxation of Overseas Income of Thai Tax Resident
(Presentation will be in English)
Speaker:Narit Direkwattanachai
Date/Time:Wednesday, February 21, 2024

Please select one of the following sessions:
Session 1: 10:00 – 11:00 am (full)
Session 2: 1:00 – 2:00 pm (full)
Session 3: 3:00 – 4:00 pm (full)
Session 4: 5:00 – 6:00 pm

Venue:NARIT & Associates’ Office
65/101 Chamnan Phenjati Business Center, 11th Floor, Rama 9 Road, Huay Khwang, Huay Khwang, Bangkapi, Bangkok 10310 (nearest MRT Station: Rama 9 exit 3) .
Cost:Free of charge (Complimentary)
Food:Snack and drink will be provided.
Booking:Due to limited space, only 1 participant per company/organization. Additional session will be made available if more demand. (We give priority to Thai/foreign executives of our clients, and may not be able to accommodate those from accounting/law firms.)

If you are interested in joining this seminar, please email us at or directly call to 02 248 2874 to book your seat.

About Speaker:

Narit Direkwattanachai, the founder and principal of NARIT & Associates, is an attorney specializing in corporate & commercial, tax and commercial disputes. Narit regularly serves clients on sales/acquisitions of local companies, investment/ divestment, international sales, distributorship, franchise, cross border tax planning, transfer pricing, remittance of profit, shareholders/partners disputes and other commercial disputes.

His clients list includes publicly held companies (or their Thai subsidiaries) listed in NYSE, Frankfurt Stock Exchange, Tokyo Stock Exchange, Singapore Exchange, and Stock Exchange of Thailand, Thai subsidiaries of multinational corporations,
Thai owned companies and foreign investors.

Narit holds a bachelor of laws degree with first class honors from Chulalongkorn University, Bangkok, Thailand. He won a British Chevening Cambridge Scholarship to read law at Wolfson College, the University of Cambridge, England where he graduated with a master of law degree. He pursued and received an MBA degree in finance from the Georgia Institute of Technology, Atlanta, Georgia, the United States of America, on the Georgia Rotary Student Program Scholarship. His understanding of finance and his familiarity with financial statements help him enormously when he advises clients on mergers & acquisitions, joint ventures, valuation issues i.e. a market rate in the eyes of a revenue official) and shareholders/partners disputes.

Narit commenced his legal career at Baker & McKenzie, Bangkok office. He also worked at Baker & McKenzie, Sydney office, Australia and the Investment Banking Group − Telecom, Media and Technology at DBS Bank, Singapore. Narit served on the Joint Foreign Chambers of Commerce in Thailand (JFCCT) Property Committee (2009-2011), served on the Thai Contractors Association, Subcommittee on Complaints, Laws, Regulations and Contracts (2009) and served on the East Asia Trade Dispute Settlement Advisory Committee, China Council for the Promotion of International Trade (CCPIT), China (2014) (as Advisory Member). Narit serves on the Thai Commercial Arbitration Committee, Board of Trade of Thailand and University of the Thai Chamber of Commerce (2015-2016).

Narit’s February 2020 interview on Thailand’s property tax was featured in NYC-based Mansion Global ( Narit authored, two books in English, What Every Executive Needs to Know about Thailand Tax and Legal Guide to Doing Business in Thailand. His legal/tax articles in English have been published in the Property Report Magazine, Advance – the Australian-Thai Chamber of Commerce Magazine, Swiss-Thai Chamber of Commerce E-Newsletter and Thai-Norwegian Chamber of Commerce’s Legal Updates.

Narit is regularly invited to speak at various events including EU Administrative Meeting at the Delegation of the European Union in Thailand, East Asia Business Forum in Mainland China held by China Council for Promotion of International Trade (CCPIT)/China Chamber of International Commerce, Singapore-Malay Chamber of Commerce & Industry’s Business Mission to Bangkok, Data Consult’s CEO Breakfast in Bangkok, Malaysia-based Truevenus’s 5th Annual Modular & Precast Construction in Bangkok and Petroleum Institute of Thailand.

Narit is also a licensed business collateral (floating charge) enforcer.