Thailand aims to align domestic laws and tax practices with OECD standards in five years, including a 15% global minimum tax for large companies.

Thailand's Finance Minister, Pichai Chunhavajira, announced plans to reform domestic laws and tax practices to align with OECD standards within five years, including implementing a 15% global minimum tax for large companies. This follows a meeting with OECD Secretary-General Mathias Cormann. Thailand aims to join the OECD to enhance its economic standing and undergo extensive evaluations to meet the organization's criteria, marking a significant step towards becoming a high-income country by 2037.

October 30, 2024
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