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ZERO TAX Thai Government Offers New Corporate Incentive

Category: Real estate, Posted:31 May 2010 | 06:00 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.

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]