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Tax measures approved to promote setting up of international firms' headquarters in Thailand

The cabinet approved a draft decree on tax discounts and waivers to promote the establishment of international companies' headquarters in Thailand, said Government Spokesman Lt Gen Sansern Kaewkamnerd.

He said the cabinet approved the draft decree issued on basis of the Revenue Code on tax discounts and waivers.

The draft law is aimed to allow the amendment to tax measures promoting the establishment of headquarters of overseas firms in Thailand, in keeping with the government's policy to promote the opening of international offices by foreign firms in this country.

The tax measures will be applicable on activities related to research and technology conducted in Thailand, while the new law will greatly help boost trading and logistic businesses as well.

Information and Source
Reporter : Tanakorn Sangiam
Rewriter : tewit kemtong
National News Bureau & Public Relations


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