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 standard rate). The reduced tax rate regime is available for companies that are members of groups with consolidated revenue of THB 28 billion or subject to Country-by-Country reporting requirements for the prior accounting...