In an attempt to encourage investments overseas, the Royal Decree (Vol.442) B.E. 2548 (2005) was ratified on 23 November 2005 to exempt limited companies, limited partnerships and registered unlimited partnerships established under Thai laws from corporate income tax on dividends derived offshore, provided all the following conditions are met:
|-||the Thai entity holds at least 25% of the shares with voting rights in the offshore company;|
|-||the shares in the offshore company were held for a minimum period of 6 months before the distribution of dividends; and|
|-||the dividends are distributed from net profits which are subject to a minimum tax of 15% in the country of residence of the offshore company (this condition does not apply where the offshore company is granted tax incentives).|
The exemption applies from 24 November 2005.
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