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Bangkok Post
Bangkok Post
Business

Thailand joining tax information sharing system

Thailand Ekniti Nitithanprapas OECD The Revenue Department
Finance Minister Ekniti Nitithanprapas (second from right), chats with Prime Minister Anutin Charnvirakul as they make their way to Government House for a cabinet meeting on Tuesday. (Photo: Chanat Katanyu)

The cabinet has approved Thailand’s participation in an international tax information exchange framework to support adoption of the OECD-led global minimum tax on corporations.

Participation is expected to strengthen the country’s ability to collect additional taxes from large multinationals and curb cross-border tax avoidance, Finance Minister Ekniti Nitithanprapas said on Tuesday.

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