To begin with, as a part of being participate, cooperate and provide benefit to other ASEAN
nations, Thailand will have to adapt tax administration process, which will reduce obstacle and
result in free trade and free flow of investment for other ASEAN countries. This will be done by
reducing or exclude tax for other ASEAN nations. This will make Thailand loss some revenues
and fees as mentioned earlier. However, I think this will not have any huge impact on Thailand
tax income as our country will gain more benefits from trading with other ASEAN countries,
lower cost of manufacture, gain competitive advantage over other non-ASEAN competitors
when doing business in other ASEAN nations. Consequently, these transactions will improve our
country’s economy and Thailand will be acknowledged by foreign investors and make be able
to createprofit in the global market.