BOI Exemption from Income Tax
Previously, if a company received investment incentives from the Board of Investment of Thailand, where such incentives included an exemption from corporate income tax on profits made by the business for a certain period, the dividends paid out from such profits were exempt from income tax for the recipient, but only if they were paid during the tax holiday.
Keywords: Mazars, Thailand, Tax, BOI, CIT, tax holiday
06 March 2017
However, the law has now changed. Under the new law, dividends paid out from profits made by the business shall be exempt from income tax for the recipient if the dividends are paid during the tax holiday or within 6 months of the tax holiday expiring. This law shall apply to dividends paid from 25 January 2017 onward.