Cabinet approves new top-up tax rulesListen to this articleThe cabinet has approved in principle a set of decrees and regulations under the 2024 Top-Up Tax Act to specify detailed guidelines for the imposition and calculation of the tax, says Kulaya Tantitemit, director-general of the Revenue Department. The cabinet resolution, adopted on Tuesday, approved four pieces of legislation issued under the Act. The decrees and the regulations define the scope of multinational enterprise (MNE) groups subject to the top-up tax and set out rules for adjusting income, expenses, and covered taxes for the purpose of calculating the tax. Others are a ministerial regulation prescribing rules for the allocation of residual top-up tax revenue received by Thailand in cases where no constituent entity of a multinational enterprise group located in Thailand records profits; and a ministerial regulation prescribing rules for adjusting income, expenses, and covered taxes for the calculation of the top-up tax, as well as criteria for calculating the domestic top-up tax in Thailand. The objective is to align Thailand's top-up tax implementation with international standards, ensuring global consistency and acceptance.

Source: Bangkok Post December 31, 2025 00:10 UTC