A deep dive into the new International Business Center (IBC) regime

In December 2018, the Thai government enacted the new IBC regime as a replacement for the existing IHQ, ROH and ITC regimes.

The TRD has released the official application form for the new IBC regime. The application form will apply to both new IBC applicants and existing beneficiaries of the existing regimes who wish to convert to the IBC.

All current corporate income tax incentives granted under the IHQ, ROH 2010 and ITC regimescancelled with the effect from 1 June 2019.  It is crucial for taxpayers to complete the conversion into the new IBC regime before the end of May 2019 in order to take advantage of the lower expenditure threshold applicable on conversion. 

In preparation for what should be the next steps towards full implementation of the new IBC regime in Thailand, KPMG is pleased to invite you to participate in a seminar where you will get to:

• Learn about the key requirements and incentives provided under the new IBC regime
• Hear our panelist discuss the new regime, followed by an opportunity to ask questions. Our panel will include senior Thai Revenue Department officials, Khun Jidtar Neesanun (Deputy Director) and Dr. Nathanan Junprateepchai (Legal Expert)
• Gain a better understanding of what you need to do in order to apply and implement the new IBC regime in your company.