Thailand's Board of Investment (BOI) reportedly approved rules for a new reduced tax rate regime on 7 June 2023, which is meant to mitigate the impacts of the implementation of the Pillar 2 global minimum tax. The new reduced tax rate regime is available for certain companies that otherwise qualify for a tax exemption under BOI incentives and provides for a 10% corporate tax rate (half the standard rate).
The reduced tax rate regime is available for companies that are members of groups with…