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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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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]