Thai Board of Investment Introduces Reduced Tax Rate Alternative for Companies in Scope of Pillar 2 Global Minimum Tax

Thailand's Board of Investment (BOI) reportedly approved rules for a new reduced tax rate regime on 7 June 2023, which is meant to mitigate the impacts of the implementation of the Pillar 2 global minimum tax. The new reduced tax rate regime is available for certain companies that otherwise qualify for a tax exemption under BOI incentives and provides for a 10% corporate tax rate (half the stan…
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