ANNOUNCED AS TEMPORARYNo
FDI: Financial incentive
The Thailand Board of Investment, responsible to the government of Thailand introduced a package of tax incentives for foreign and Thai companies with regional operating headquaters in Thailand. Companies that fulfill the requirements (relaxed now) will be able to corporate income tax exemption for 10 years on income derived from services provided to its entities abroad and a reduction of corporate income tax rate from 30% to 10% on income from services provided to local affiliated entities. The government believes that by creating regionally the most attractive tax incentives, the new scheme will result in higher revenue streams for foreign and Thai regional operating headquaters and hopes for an inflow of foreign capital investment. This measure alters the basis of competition between those supplying regional headquarter services, to the disadvantage of those supplying them from abroad.
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