Over 130 countries, including Thailand, have agreed to implement the OECD Pillar Two Rules to give effect to a minimum global tax rate of 15%. This is part of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (“BEPS”). The aim of the framework is to ensure that large multinational enterprises (MNE’s) pay their fair share of tax wherever they operate or generate profits in todays digitalised and globalised world economy.
If you are part of an MNE Group that has a consolidated turnover greater than Euro750m the Rules will have an impact on you.
- Foreign groups operating in Thailand may lose the benefit of Thai tax incentives
- Thai groups with low taxed foreign operations may face top up tax liabilities.
Grant Thornton Thailand can help you to navigate through the complexities of Pillar Two and make a smooth transition into the new era.
Understand both the potential financial impact of the Pillar Two Rules on your group as well as the onerous reporting and compliance obligations you may be facing in 2024/25 and the future. Our workshop will provide you with an understanding of the core provisions, commencement dates, exclusions, and safe harbours of Pillar Two.
Date: Friday 29 November 2023
Time: 14.00 – 15.30 hrs.
Venue: Grant Thornton Thailand, 11th floor, Capital Tower, All Seasons Place