Thailand Plans Lower Income Taxes for New Finance Licenses

Thai government plans to lower taxes on corporate and personal income for holders of new finance licenses to promote the country as a regional financial center, according to the Finance Ministry.

• License holders will be charged corporate tax rate of less than 15% if they have total annual revenue of less than 750m euros, Benja Supannakul, a member of Committee for Policy and Legal Establishment of the Financial Hub, tells a video conference Thursday
  • Tax rate will be capped at 15% for foreign licensees with total annual revenue of more than 750m euros to comply with OECD’s global minimum ...