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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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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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Three More Thailand Sandboxes Join Phuket On Tuesday

Category: Tourism, Posted:09 Jan 2022 | 20:33 pm The Thai government has added three more  Sandbox destinations along with Phuket for vaccinated international travelers. Effective on Tuesday 11th January 2022, Phang Nga (including Khao Lak), Krabi, and Surat Thai (Koh Samui, Koh Pha-ngan, and Ko Tao) will be open to Sandbox visitors. The current Sandbox restrictions mean a minimum of seven-night stays in […]
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Choice Brand For New Phuket Hotel

Category: Hotels, Posted:30 Dec 2021 | 09:37 am The new upscale Quality Resort and Spa Patong will open in early 2022. Quality is a brand under Choice Hotels International, and the property is operated under a master-franchise agreement with a third-party management group La Vie Hotels & Resorts. La Vie currently operates a number of hotels across Asia Pacific. With 88-rooms, the Quality […]