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Bangkok Post
Bangkok Post
Business

DARK SECRETS: Banking transparency law set for 2024 - The Real Truth

Under the law, the signatory countries share information about individuals' deposit accounts amongst each other.

A law governing the exchange of information about people's deposit accounts among signatory countries is expected to come into force next year, says Revenue Department director-general Lavaron Sangsnit.

The law is meant to enhance the countries' tax revenue collection, he said.

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