Thailand and Norway sign new double tax treaty at 2026 IMF–World Bank meetings

Thailand and Norway sign new double tax treaty at 2026 IMF–World Bank meetings

Thailand and Norway have signed a new convention aimed at eliminating double taxation on income and preventing tax evasion and avoidance. The signing took place during the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok.

Thailand’s Deputy Prime Minister and Finance Minister, Ekniti Nitithanprapas, signed the convention on behalf of Thailand, alongside Norway’s Minister of International Development, Åsmund Grøver Aukrust.

The convention seeks to strengthen bilateral tax cooperation in line with international standards, reduce the burden of double taxation, and provide greater clarity and certainty for businesses and investors. It is also expected to support trade, investment and economic activity between the two countries.

A key element of the agreement is its focus on tackling base erosion and profit shifting (BEPS). The measures are aligned with standards established by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty (G20), helping to address tax avoidance and the cross-border shifting of profits.

The convention also promotes closer cooperation and information exchange between the Thai and Norwegian tax authorities, with the aim of enhancing transparency and fairness in both countries’ tax systems.

Thailand has expressed its readiness to work with Norway to expedite the domestic procedures required for the convention to enter into force. Once implemented, the agreement is expected to strengthen investor confidence and create further opportunities for long-term economic cooperation between Thailand and Norway.

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