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 euros (EUR). 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.