Thailand: Multilateral instrument (MLI) is signed

98th jurisdiction to sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

98th jurisdiction to sign the MLI

Thailand became on 9 February 2022 the 98th jurisdiction to sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). 

The MLI’s date of entry into effect for Thailand depends on when the domestic process of the MLI ratification is completed by Thailand and when the relevant notification will be lodged with the OECD.
 

31 March 2022: The OECD announced that Thailand deposited the instruments of ratification of the MLI. Read the OECD release.


It will be important for multinational enterprises to review current and future cross-border arrangements and transactions—particularly those with reliance on access to tax benefits under bilateral tax treaties with Thailand—to determine whether any tax benefits can be sustained in light of the operation of the MLI.

Read a February 2022 report prepared by the KPMG member firm in Thailand

 

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