Thailand

On 26 December 2024, the Royal Gazette officially promulgated the Emergency Decree on Top-up Tax, B.E. 2567 (2024). This decree impacts large multinational enterprises (MNEs) with consolidated financial statement revenues of at least €750 million. This legislation will be effective for accounting periods commencing on or after 1 January 2025, aligning with global tax standards to ensure Thailand's fiscal sustainability and competitiveness.