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Daily Tax Report: International

Thailand Gazettes Decrees Amending Tax Incentives for R&D, International Businesses

Nov. 5, 2019, 6:50 PM

The Thai Official Gazette Nov. 1 published royal decrees amending tax incentives for dividend and royalty income. The decrees include measures: 1) reducing the tax rate and exempting certain income arising from domestic R&D operations; and 2) exempting dividends received from international trading companies until Dec. 31, 2020. The decrees enter into force Nov. 2. [Thailand, Official Gazette, 11/01/19]

Reference:
View Royal Decree No. 685, Official Gazette No. 136. View Royal Decree No. 686, Official Gazette No. 136. View Royal Decree No. 687, Official Gazette No. 136. View Announcement.

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