Tax Treaties Covered by the Convention to Implement Measures to Prevent BEPS will be Increased [ Thailand ]

April 22, 2022

Ministry of Finance

Tax Treaties Covered by the Convention to Implement Measures to Prevent BEPS will be Increased
[ Thailand ]

1. On April 21, Japan made the notification to add the tax treaty between Japan and Thailand to the list of existing tax treaties to be covered by the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting" (Convention to Implement Measures to Prevent BEPS) to the Secretary General of the Organisation for Economic Co-operation and Development (OECD) acting as the Depositary of this Convention.

* Thailand deposited its instrument of ratification of this Convention on March 31, 2022.

2. This Convention applies to an existing tax treaty where both parties to that tax treaty have chosen to apply this Convention to it and where this Convention has entered into force for those parties. The tax treaty between Japan and Thailand will satisfy those requirements on July 1, 2022.

3. The provisions of this Convention applicable to an existing tax treaty and the timing of entry into effect of this Convention for it are determined depending on the choices of each of the parties to that tax treaty. For the details of the application of this Convention to the tax treaties of Japan, see the webpages below.