Thailand corporate tax rate reduction and flood relief

March 2012

Overview

Thailand has reduced the 30% corporate income tax rate to 23% for tax years beginning on or after January 1, 2012 and to 20% for the subsequent two tax years. In addition, Thailand’s unprecedented “100 year flood” in 2011 caused major damage to hundreds of factories, resulting in significant costs. Many companies will need to consider the Thai tax rules on insurance recoveries.

Contact us

Tim Anson
ITS Co-leader
Tel: +1 (202) 414 1664
Email

Rob DeGaudenzi
International Tax Desk Leader
Tel: +1 (646) 471 0645
Email