The Slovak Republic and Thailand have agreed to accelerate negotiations on an income tax treaty and investment protection agreement to reduce cross-border tax barriers and strengthen bilateral trade.
The Slovak Republic and Thailand agreed to accelerate negotiations on an income tax treaty during high-level talks on 12 October 2026, according to a release from the Slovak Republic Ministry of Foreign and European Affairs,
Foreign Affairs Minister Juraj Blanár emphasised that Slovakia wants to conclude the double-taxation treaty and a companion investment protection agreement as soon as possible.
The treaty comes as bilateral trade reached nearly EUR 570 million in 2025, almost doubling from 300 million euros in 2021. Slovak officials view the tax agreement as essential to removing barriers that currently complicate business operations between the countries.
The Slovak Republic exported approximately 38 million euros to Thailand in 2025 while importing over EUR 531 million in Thai goods. The income tax treaty addresses a structural gap that has constrained deeper investment flows.
The Slovak government simultaneously backs ongoing free trade negotiations between the European Union and Thailand. Officials view both the bilateral tax treaty and the broader EU agreement as complementary tools for expanding commerce.
Thailand’s Trade Commissioner Werapong Prapha attended the discussions, signalling Bangkok’s alignment on advancing bilateral tax cooperation. The treaty represents the first formal step toward eliminating the double-taxation burden on companies operating in both jurisdictions.
Both accords require finalisation, signature, and parliamentary ratification before becoming law.
