Thailand’s Board of Investment (“BOI”) recently announced changes to corporate income tax incentives to better align the country’s rules with the development of the global tax framework, which also provides for the introduction of a global minimum tax (“GMT”). Along with the implementation of these changes, existing BOI companies and new applicants for BOI promotion in Thailand will now have their choice between different tax incentive schemes.

The author of this article recently had the privilege to speak on this subject at a conference hosted by the International Fiscal Association of Singapore and would like to use this opportunity to share some further insights into new developments in both international and Thai tax law.