BANGKOK – A 71-year-old Singaporean businessman was arrested at Suvarnabhumi Airport on Tuesday as he prepared to board a flight back to Singapore, following allegations of tax evasion involving over 5 million baht in value-added tax (VAT).
According to Pol Maj Gen Thatphum Charuprat, commander of Thailand’s Economic Crime Suppression Division (ECD), the arrest was made in connection with an investigation initiated by the Thai Revenue Department. The unnamed man had served as an authorised director of a company operating in Thailand between July 1 and October 30, 2015.
Authorities allege that during this period, the company in question generated income from information services but failed to declare any revenue in its financial statements. Furthermore, it reportedly submitted false VAT reports, leading to an estimated loss of 5.24 million baht in state revenue.
Despite admitting to having held the director role during the relevant time frame, the businessman denied any involvement in the alleged wrongdoing. The case remains under investigation, and the suspect’s identity has not been disclosed by officials.
The Revenue Department had previously filed a complaint with the police, prompting the legal action. The arrest highlights Thailand’s ongoing crackdown on corporate tax evasion and fraudulent accounting practices, particularly involving foreign nationals and international businesses operating within the country.
Authorities have yet to confirm whether the suspect will be charged in Thailand or extradited following due legal process. Meanwhile, the ECD emphasized that the investigation will continue to determine whether others were complicit in the alleged tax fraud.
This case comes amid broader efforts by Thai authorities to enhance transparency and compliance in corporate taxation, especially among foreign-controlled entities.
