On 7 March 2023, the Thai Cabinet approved in principle to collect a global minimum tax in Thailand to align with the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two.

The Thai Revenue Department is in the process of drafting the legislation, of which the first draft should be ready for consideration by 2023 with an effective date …