Corporate - Significant developments

Last reviewed - 13 February 2024

Thailand signed the Organisation for Economic Co-operation and Development (OECD) Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (‘Multilateral Instrument’ or MLI) in December 2021 and submitted its instrument of ratification in April 2022. The MLI is effective from 1 July 2022.