The Convention between Thailand and the Hungarian People’s Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed on 18^th May 1989 and the instrument of ratification were exchanged on 16^th October 1989.

           Under Article 28, 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 1990,

2.         in respect of other taxes on income, for taxable years or accounting periods beginning on or after 1^st January 1990.