Thailand: Measures to support implementation of Pillar Two global minimum tax rules
Government agencies assigned to carry out measures as proposed by Board of Investment
Government agencies assigned to carry out measures as proposed by Board of Investment
The Thai Cabinet on 7 March 2023, approved measures to support the implementation of a global minimum tax as part of the base erosion and profit shifting (BEPS) 2.0 Pillar Two rules issued by the Organisation for Economic Cooperation and Development (OECD) and assigned relevant government agencies to carry out these measures as proposed by the Board of Investment of Thailand.
The Revenue Department also that it is in the process of drafting a bill to collect top-up tax with an indicative timeframe for the draft bill to be released for approval within 2023 and effective in 2025.
Read a March 2023 report prepared by the KPMG member firm in Thailand
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