On 1 April 2017, Thailand Revenue Code Amendment Act (No 45) was gazetted, enacting the Financial Action Task Force's recommendation to treat serious tax evasion as Money Laundering offenses.

This Insight summarizes the enacted provision for serious tax offenses.

Serious Tax Offenses

As prescribed in Section 37 ter of the Revenue Code:

For offenses of intentionally avoiding tax or VAT by filing false tax returns or not filing tax returns for which liability for payment or remittance of tax or VAT is 10 million baht or more for a tax year or filing false tax returns or falsely claiming a refund of tax or VAT of 2 million baht or more for a tax year or for an offense of conspiring to falsify or conceal transactions or income or assets for avoiding the payment of tax or VAT or falsely claiming a refund of tax or VAT:

• Such offenses shall be considered as predicate offenses under the Anti Money Laundering law, and
• The Director-General of Revenue on the advice of a Tax Offense Review Committee, shall submit the information to the Anti Money Laundering Office for action under the Anti Money Laundering law.

(As enacted by Revenue Code Amendment Act (No 45) gazetted on 01 April 2017)

For the other two provisions of the Thailand tax evasion laws, see:​

Filing False Tax Returns, and

Not Filing Tax Returns.

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