Thailand approves participation in the GloBE Information Return MCAA

The GloBE MCAA provides a framework for the automatic exchange of GloBE Information Returns (GIR) between participating jurisdictions, enabling tax authorities to access consistent and standardised data to support the enforcement of GloBE rules. This framework facilitates the automatic exchange of GIR data among participating jurisdictions, thereby enhancing transparency and coordination in the administration of the Pillar Two rules. 

How the GIR MCAA works? 

Under the GIR MCAA framework, a GIR filed in one participating jurisdiction will be exchanged with other member jurisdictions, potentially reducing the need for duplicate filings across multiple countries. 

When will the exchange begin? 

Based on current indications, the first exchange of GIR information in respect of FY2025 is expected to take place in December 2027. 

What does this mean for Thailand? 

If Thailand becomes a GIR MCAA member before the first filling deadline of 30 June 2027, Thai constituent entities may not be required to submit a separate GIR in Thailand, provided that the Ultimate Parent Entity (“UPE”), or an appointed Constituent Entity has filed the GIR in a jurisdiction that is a member of the GIR MCAA for the relevant fiscal year. 

Reference (in Thai): 

• Revenue Department Announcement News (16 June 2026). Retrieved from the Revenue Department.