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Thailand releases draft Top-up Tax Act to implement the global minimum tax rules under BEPS 2.0 Pillar Two

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Thailand

  • Draft legislation to adopt the Global Anti-Base Erosion Rules in Thailand was published recently and was subject to a two-week public consultation period.
  • The Thai Revenue Department is charged with drafting pertinent regulations and guidelines.
  • In-scope multinational entities should begin performing impact assessments so they are ready for applicable changes once enacted.
 

Background

On 1 March …

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