Core Viewpoint - Thailand's Board of Investment (BOI) has introduced a new "Qualified Tax Refund Credit (QRTC)" policy to comply with the OECD's Global Minimum Tax (GMP) requirements while continuing to attract multinational investments [1] Group 1: Policy Details - The QRTC policy is designed to supplement existing BOI incentives and provide alternatives for companies affected by the minimum tax, which mandates a corporate tax rate of at least 15% for large multinational enterprises [1] - QRTC is an OECD-recognized incentive tool that allows companies to count expenditures on R&D, skill enhancement, standard improvements, and efficiency upgrades towards tax credits, thereby alleviating additional tax burdens and enhancing liquidity [1] Group 2: Economic Impact - The BOI plans to amend the "Competitiveness Enhancement Act" to formally incorporate the QRTC into the legal framework, which will help Thailand maintain competitiveness in key industries and solidify its position as a regional investment hub [1] - The introduction of the QRTC is expected to promote sustained economic growth in Thailand [1]