21 June 2018 Thailand amends tax incentives for International Headquarters regime The Thai Cabinet approved the amended tax incentive criteria for the International Headquarters (IHQs) regime on June 19, seemingly in response to the Harmful Tax Practices — 2017 Progress Report on Preferential Regimes in which IHQs are regarded as a harmful tax practice. The amendment limits the types of royalty income derived by the IHQ from its overseas and Thai-associated enterprises that are eligible for tax incentives to only those resulting from technological research and development (R&D) activities performed in Thailand, irrespective of whether the R&D activities are performed by the IHQ or other parties engaged by the IHQ. Document ID: 2018-1263 |
