This is a monumental proposed shift. Seems a bridge too far (IMO). To be truly effective, all Thai tax forms (to deal just with the various countries tax credits alone), any guidance and instructions will need to rewritten, and in multiple languages. Not only that, all DTAs will need to be rewritten as they are changing (in its entirety) the system of taxation the old DTAs where based on. One thing is certain, this type of change will require more capabilities and resources than the current TRD is capable of producing. Not only that, this law (if passed) will require a vote in the legislature. That takes time. And it's possible the Hi-So will fight it and there may even be legal challenges to such a sweeping change (because they, the Hi-So, too stand to lose a lot if this goes through). I doubt it will pass in 2024 (affective for the 2025 tax year), and even if they do get it through in 2025, it probably won't be affective until the following (2026) tax year. What a donkey roast ๐ ๐ ๐