ZERO TAX Thai Government Offers New Corporate Incentive

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Posted: 31 May 2010 | 6:00 am

A new incentive has been rolled out by the Thai Finance Ministry for international companies who wish to use the country as a regional headquarters.

Under the new plan a tax waiver will be offered for 15 years which expanded on the current program.

Under the tax regime a zero tax would be applicable for money earned outside of the country, while onshore taxation rates of 10% for the term.

Expatriates working for these firms also look to benefit with reduced income tax of 15% for the initial eight years.

There are a number of precursors for the incentive including proportion of revenue earnings from outside Thailand and certain approved industry.

Expectations are keen for further BoI (Board of Investment) incentives to come out in the coming months. For many foreign land ownership remains a pressure point and remains a key point of discussion between the private and public sector.

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