Reading Time: 2 minutesOn 16 February 2021, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced that from 1 Jan 2023, GST will be levied on “imported low-value goods and business-to-consumer (B2C) imported non-digital services”. The announcement means that from Jan 2023, all goods imported via air or post will be subject to GST. This would […]
Thailand Tax Alert: The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program
Reading Time: 2 minutesOn 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD Inclusive Framework for Base Erosion and Profit Shifting (“BEPS“). […]