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. BackgroundOn 1 March 2024, the Thai Revenue Department released a draft legislation for an adoption of the Global Anti-Base Erosion Rules (GloBE rules) in Thailand, aligning with the Organisation for Economic Co-operation and Development's (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two project. The draft legislation was open for...