Hi
The global income tax bill is currently being drafted and it seems safe to assume that Pheu Thai is behind it. With the Peoples Party (Move Forward Party) being progressives and heavily inspired by the west, I assume they'd vote for this as well meaning the bill would get a majority vote and most likely pass.
1. Do you also think the bill will most likely pass?
2. If the bill is passed, how likely is it to be in effect for the tax year of 2025?
Perhaps someone here is familiar with how quickly new laws are passed in Thailand. I asked ChatGPT and got a decent answer:
"Passing a tax law on global income in Thailand would likely take more than three months due to the complex legislative process. It involves drafting, Cabinet approval, multiple parliamentary readings, and royal assent, followed by implementation procedures. A realistic timeframe is closer to six months to a year or more. "