Thailand Prescribes CbC Reporting Requirements

The Thai Revenue Department has published Notification No. 408, prescribing Country-by-Country (CbC) reporting requirements for MNE groups in Thailand. The notification includes the following key points:

• The CbC reporting requirement applies for MNE groups meeting a consolidated group revenue threshold of THB 28 billion in the previous fiscal year (accounting period);
• The primary CbC report filing requirement applies for ultimate parent entities of MNE group resident in Thailand, with the r…