Tax Incentives For Qualified Treasury Centres In Thailand
21 August 2017
In 2015, the Royal Decree on Tax Reduction (No. 586) B.E. 2558 (2015) was issued, pursuant to the Revenue Code, to provide exemption from and reduce certain types of taxation in relation to international headquarter businesses including treasury centre services.
While the tax incentives associated with international headquarters have been in place for some time, it has recently received a lot of attention from market participants due to a recent liability management exercise transaction in the international debt capital market where we acted on. This note is to provide general information regarding such tax incentives and qualifications of international headquarters and treasury centres.