New incentives for US firms

Bangkok Post
Deputy Finance Minister Pradit Phataraprasit has encouraged leading US companies to set up their regional operating headquarters (ROH) in Thailand.

Representatives of nearly 50 giant US firms on Friday morning met with Mr Pradit to discuss business and investment obstacles.

“The Ministry of Finance will propose new incentives for foreign firms to the cabinet for consideration next Tuesday,” Mr Pradit said.

The new offers include zero per cent corporate tax for 15 years and a 10 per cent corporate income tax on income in Thailand, the deputy minister said.

For foreigners working at a regional head office in Thailand, personal income tax would be only 15 per cent for 15 years, he added.