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New top-up tax to affect 1,200 multinational corporations
New top-up tax to affect 1,200 multinational corporations
FRIDAY, JANUARY 17, 2025
A new top-up tax is expected to impact 1,200 multinational corporations, but it would generate revenue of 12 billion baht in June 2027 for the public sector, a senior official said.Thailand to impose top-up tax from January 1
Thailand to impose top-up tax from January 1
FRIDAY, DECEMBER 27, 2024
Under the new rule, multinationals stationed in Thailand will have to make up the difference in the corporate tax they pay to 15%Will Thailand dethrone Singapore as global investment hub in 2025?
Will Thailand dethrone Singapore as global investment hub in 2025?
MONDAY, DECEMBER 16, 2024
Experts say Thailand’s adoption of Global Minimum Tax could lure multinational HQs away from SingaporeThai govt takes cautious approach amid calls to scrap MOU44
Thai govt takes cautious approach amid calls to scrap MOU44
TUESDAY, NOVEMBER 05, 2024
Critics argue that while untapped energy resources remain in the disputed zone, multinational interests could overshadow national gainsBoozy bust-up: Drunk exec lands in jail after confrontation with cops
Boozy bust-up: Drunk exec lands in jail after confrontation with cops
FRIDAY, APRIL 26, 2024
A high-ranking female executive from a prestigious multinational company found herself in the middle of a social media storm after a wild night out ended with a scuffle with the police.OECD’s pillar 1 Amount B: Will the Thai Revenue Department adopt?
OECD’s pillar 1 Amount B: Will the Thai Revenue Department adopt?
TUESDAY, MARCH 19, 2024
It’s now over 10 years since the OECD/G20 countries adopted the Base Erosion and Profit Shifting (BEPS) Action Plan. This Plan comprises 15 Actions to address tax avoidance by Multinational Enterprises (MNE) which had arisen due to gaps in the operation of the international tax system given globalization and the digitalization of the economy.Thai draft ready for levying 15% global minimum tax on large multinationals
Thai draft ready for levying 15% global minimum tax on large multinationals
SATURDAY, MARCH 02, 2024
The Revenue Department will propose to the Cabinet a draft act within the first half of 2024 on imposing global minimum tax (GMT) at 15% on large multinational enterprises.Vietnam approves 15% tax on multinationals, Thailand to follow
Vietnam approves 15% tax on multinationals, Thailand to follow
WEDNESDAY, NOVEMBER 29, 2023
Vietnam on Wednesday raised its corporate tax on multinational companies to 15%, effective from January, in a move that may deter foreign investment.Govt moving fast to streamline registration process for multinationals to open regional HQs
Govt moving fast to streamline registration process for multinationals to open regional HQs
THURSDAY, DECEMBER 01, 2022
Four state agencies will meet in the middle of this month to discuss setting up a new one-stop service to make it more convenient for multinational corporations to open a regional headquarters in Thailand.S. Korea proposes to tax 20% of excess profits from multinationals
S. Korea proposes to tax 20% of excess profits from multinationals
MONDAY, JULY 12, 2021
South Korea’s finance chief said on July 11 he had proposed to set tax rates on excess profits of big multinationals at 20 percent in a discussion with his G-20 counterparts over the latest global tax reform.