The Convention between the Government of the Kingdom of Thailand and the Government of the State of Israel for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed on 12^th February 1996 and the instruments of ratification were exchanged on 24^th December 1996.

            Under Article 29, this Convention shall apply in Thailand:

1.         in respect of taxes withheld at source, on amounts paid or remitted on or after 1^st January 1997,

2.         in respect of other taxes on income, for taxable years or accounting periods beginning on or after 1st January 1997.