Thailand and Norway sign new double tax treaty at 2026 IMF–World Bank meetings
The convention aims to give businesses tax certainty and curb avoidance, with domestic procedures still needed before it takes effect.
- Thailand and Norway signed a new double taxation treaty during the 2026 IMF–World Bank Annual Meetings in Bangkok.
- The agreement aims to eliminate double taxation, prevent tax evasion, and encourage trade and investment between the two countries.
- It incorporates measures to combat base erosion and profit shifting (BEPS), aligning with international standards from the OECD and G20.
- The treaty also establishes closer cooperation and information exchange between the two nations' tax authorities to improve fairness and transparency.
Thailand and Norway have signed a new convention to eliminate double taxation on income and prevent tax evasion and avoidance during the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group in Bangkok.
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas signed on Thailand’s behalf alongside Norway’s Minister of International Development, Åsmund Grøver Aukrust.
The Thailand–Norway convention aims to bring bilateral tax cooperation into line with international standards, reduce double taxation and provide greater clarity and certainty for businesses and investors. The agreement is intended to encourage trade, investment and economic activity between the two countries.
Measures to tackle base erosion and profit shifting (BEPS) are a priority under the new convention. The provisions address tax avoidance and cross-border profit shifting in line with standards established by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty (G20).
Closer cooperation and information exchange between Thai and Norwegian tax authorities are also central to the convention’s aim of making the two countries’ tax systems more transparent and fair.
Thailand is ready to coordinate with Norway to accelerate the domestic procedures needed for the convention to enter into force. Bringing the agreement into effect is intended to strengthen investor confidence and create further opportunities for long-term economic cooperation.
