The Thai Revenue Department has launched a public consultation on draft legislation for the introduction of the Pillar 2 global minimum tax rules. This includes the introduction of the Pillar 2 income inclusion rule and the undertaxed payment rule in order to ensure a minimum tax level of 15% for MNE groups with annual consolidated revenue of at least EUR 750 million in at least two of the preceding four accounting periods. The draft legislation also includes the introduction of a domestic minimum top-up tax for members of in-scope groups. The draft does not specify an effective date but as...