Interior Ministry Overhauls Foundation Regulations in Thailand
The Thai Ministry of Interior assigns a deputy permanent secretary to lead the drafting of new regulations for an estimated 17,500 foundations.
Stock photo for illustration only, not from the actual event
- The Ministry of Interior is drafting new laws to regulate foundations and associations in Thailand.
- The total number of foundations is projected to reach approximately 17,500 nationwide.
- A deputy permanent secretary has been appointed to head the law-drafting committee.
The Ministry of Interior has initiated an urgent push to reorganize and oversee foundations and associations across Thailand as their numbers continue to grow rapidly. This regulatory move aims to enhance operational transparency among non-profit organizations and prevent potential misuse of foundation status for unlawful activities.
During a recent policy meeting, Polraphee Suwanrat presided over discussions with relevant agencies, resulting in the appointment of a deputy permanent secretary as the head of a special working group. This team is tasked with drafting and updating the legal framework governing foundations to better align with modern societal contexts.
Stock photo for illustration only, not from the actual event
Ministry assessments indicate a continuous surge in the establishment of new foundations and associations, with recent estimates projecting the total to reach 17,500 entities across the country. Consequently, the government recognizes an urgent need for stricter oversight mechanisms, financial tracking, and annual reporting to maintain public trust.
This regulatory push by the Ministry of Interior reflects an effort to close legal loopholes that could allow certain entities to exploit foundation privileges for tax evasion or grey-market operations. Modernized laws and rigorous oversight will help ensure that only legitimate, socially impactful organizations retain their operating status.
The newly formed committee, led by the deputy permanent secretary, will expedite the drafting process before submitting the revised legal framework for official legislative review.
Source: Matichon Politics
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