Ekniti vows to enforce law in collecting Thaksin’s 17.6-billion-baht Shin Corp tax bill
Revenue Department will strictly follow legal procedures to collect Thaksin’s 17.6-billion-baht Shin Corp tax bill, including asset seizures if unpaid
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said on November 19, 2025, that the Revenue Department will strictly follow legal procedures in implementing the Supreme Court’s ruling requiring former prime minister Thaksin Shinawatra to pay 17.6 billion baht in taxes arising from the sale of Shin Corporation shares.
Ekniti said he had not yet received a formal report from the Revenue Department, but affirmed that the enforcement process “will proceed fully in accordance with the law.”
A Finance Ministry source said the Revenue Department is ready to proceed under standard legal procedures and in full compliance with the Supreme Court’s judgement.
After receiving the official copy of the ruling from the Office of the Attorney General, the department is expected—within two weeks or no later than the end of November—to issue a formal notice ordering Thaksin to settle the tax debt.
If Thaksin pays the full amount, the case will be closed.
However, if the debt is unpaid or only partially paid, the department will move forward with asset investigations, seizures and freezes, covering:
- immovable property
- movable property
- cash and bank accounts
- securities, including shares
- any other claimable financial rights
The department will also utilise Thailand’s participation in the international financial information exchange network, which includes 113 partner countries, to examine offshore bank accounts, investments, and other foreign-held assets connected to Thaksin.
The source emphasised that all actions will be taken fairly and without political interference:
“The Revenue Department works under one law for everyone. There is no discrimination and no political intervention.”
The asset investigation and seizure process has been ongoing since 2020 and can continue for up to 10 years, until 2035, which marks the end of the statutory enforcement period.
If the outstanding debt still cannot be recovered in full by then, the Revenue Department is authorised to file a bankruptcy petition against Thaksin.
