In Dec 2018, the Thai government replaced previous incentive regimes with the new IBC regime to comply with the OECD's Inclusive Framework on BEPS.
In Dec 2018, the Thai government replaced previous incentive regimes with the new IBC....
In December 2018, the Thai government enacted the new IBC regime as a replacement for the previous International Headquarter (IHQ), Regional Operating Headquarters (ROH) and International Trading Center (ITC) regimes. The IBC regime was introduced to comply with the implementation plan of the OECD's Inclusive Framework on Base Erosion and Profit Shifting (BEPS) joined by Thailand, and presents a number of fiscal and non-fiscal benefits to multinational businesses.
KPMG International Tax is at the forefront of these developments and has set up a team of professionals with global experience and local understanding to support you. We are looking forward to assisting you in growing your business in Thailand.