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MNEs taxed to curb profit sharing, 12 billion baht revenue expected

The Revenue Department anticipates the implementation of draft legislation aimed at taxing multinational enterprises (MNEs) to curb profit shifting to low-tax jurisdictions by 2025. This move is expected to enhance tax revenue by 12 billion baht annually. Director-General Kulaya Tantitemit revealed that the draft legislation...

57 mins ago

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Featured News in Thailand

Iranian president’s helicopter drama: Hard landing sparks alarm

Iranian state media reported a tragic incident involving a helicopter transporting President Ebrahim Raisi, detailing a hard landing on Sunday. The aircraft, reportedly carrying Iran's Foreign Minister Hossein Amirabdollahian as well, encountered challenging weather conditions, hampering rescue efforts, as conveyed by the Interior Minister. The...

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Thailand Business News see all

MNEs taxed to curb profit sharing, 12 billion baht revenue expected

The Revenue Department anticipates the implementation of draft legislation aimed at taxing multinational enterprises (MNEs) to curb profit shifting to low-tax jurisdictions by 2025. This move is expected to enhance tax revenue by 12 billion baht annually. Director-General Kulaya Tantitemit revealed that the draft legislation...

57 mins ago

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