04 June 2018 Revised Philippines-Thailand Tax Treaty enters into force The revised Philippines-Thailand Income Tax Treaty (the Treaty) has entered into force and will become effective on January 1, 2019. Significant provisions in the Treaty include: (i) Coverage and threshold period to determine the existence of a PE (Article 5); (ii) Expanded coverage of taxable business profits under Article 7; (iii) Shipping and air transport under Article 8; and (iv) Reduced withholding tax rates for dividends, interest and royalties. Document ID: 2018-1155 |
