Thailand's government has introduced tax reliefs to mitigate the impact of the OECD global minimum 15 per cent corporation tax on existing tax incentives for large multinational companies. Existing companies will have the option of converting from their current tax exemption regime to a 50 per cent reduction of the normal corporate income tax rate, resulting in a reduced corporate income tax rate of 10 per cent. New applicants for tax relief can choose between a standard tax exemption period or a tax reduction regime lasting up to ten years.
News Source：【EY 2023/06/09】