Thailand and Norway Sign Convention to Eliminate Double Taxation and Prevent Evasion

Key summary

During the 2026 Annual Meetings of the IMF and World Bank Group in Bangkok, Thailand and Norway signed a new convention to eliminate double taxation on income and prevent tax evasion. Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas represented Thailand, while Norway's Minister of International Development, Åsmund Grøver Aukrust, signed on their behalf. The agreement aligns bilateral tax cooperation with international standards set by the OECD and G20 to address base erosion and profit shifting. Enhanced information exchange between tax authorities aims to increase transparency and fairness in both nations' systems.