ANNOUNCEMENT 20 Jun 2012

In June 2012, the government of Thailand announced changed incentives for foreign investors entering the country.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 20 Jun 2012 | Removal date: open ended
Still in force

FDI: Financial incentive

 On 20 June 2012, Thailand issued the Royal Decree No. 538 which reduces the tax liability of Thai individuals receiving dividends from foreign companies listed on the Stock Exchange of Thailand (SET). Such dividends will be subject only to a withholding tax of 10%, whereas previously they were also required to include such dividends in their personal income tax returns and pay additional taxes.
 
Dividends received from Thai companies were taxed at 10% even prior to this measure.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A