OrbitaxParticipation exemption for offshore investment
|Approved Changes|Thailand
In an attempt to encourage investments overseas, the Royal Decree (Vol.442) B.E. 2548 (2005) was ratified on 23 November 2005 to exempt limited companies, limited partnerships and registered unlimited partnerships established under Thai laws from corporate income tax on dividends derived offshore, provided all the following conditions are met:
| - | the Thai entity holds at least 25% of the shares with voting rights in the offshore compa… |