Krungsri Research：2025年全球最低税新规则、挑战和东盟的反应报告（英文版）

The enforcement of the Global Minimum Tax (GMT) at a rate of 15% will significantly alter the tax competition landscape and investment promotion strategies in ASEAN. Tax incentive policies will become less effective in attracting foreign direct investment (FDI). However, tax incentives are not the sole determinant of investment decisions; a country's strong economic fundamentals also play a crucial role. Importantly, as the competitive landscape becomes fairer, the countries that can adap