Thailand's Assistant Minister of Finance Churaphan hinted that the bill will be submitted to the cabinet for review in the next two weeks. It is expected that the relevant bill will be promulgated before the end of this year and is expected to be implemented next year. The bill will generate 20 billion baht in tax revenue for the country.
However, the Thai Board of Investment (BOI) expressed concerns that it would be difficult to complete the drafting of the law within a limited time.
It is reported that the bill will initially be implemented for large multinational companies with annual revenue of 750 million euros or more. The agency believes that if the government implements the plan, it will be able to inject tens of billions of baht of liquidity into the stock market.
