Thailand has published a series of Royal Decrees in the Official Gazette that include provision to end the grandfathering provided for the Regional Operating Headquarters (ROH) regime (Royal Decree 685), International Headquarters (IHQ) regime (Royal Decree 686), and the International Trading Center (ITC) regime (Royal Decree 687), which were replaced by the new International Business Center (IBC) regime (previous coverage). The old regimes were replaced by the IBC regime because they were found to be harmful as part of the OECD review in relation to BEPS Action 5.
Some of the key points include the following:
The Royal Decrees entered into force on 2 November 2019.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.