International Trade Centers (ITC)

What is the International Trading Center (ITC)?

International Trade Center in Thailand is a company incorporated under Thai laws that purchases and sells goods, raw materials and parts or that provides international trading related services to juristic persons incorporated under foreign laws.

International trading related services include:

  • Procurement of goods
  • Warehousing and inventory services prior to delivery
  • Packaging services
  • Transportation of goods
  • Insurance on goods
  • Advisory, technical and training services on goods
  • Any other services stipulated by the Director General of the Revenue Department

What are the Incentives offered by the Board of Investment (BOI)?

International Trading Center receives the following incentives:

  • Permission to bring in skilled personnel and experts into the Kingdom to work in investment
    promoted activities.
  • Permission to own land
  • Exemption of import duty on machinery
  • Exemption of import duty on raw materials and parts used in the production for export
  • Conditions to apply for privileges offered by the BOI
  • An ITC must have paid-up capital of at least THB10 million.
  • Any other services stipulated by the Director General of the Revenue Department

Incentives offered by Revenue Department

For 15 accounting periods from the date of approval, an ITC is entitled to corporate income tax exemptions on:

  • Income derived from the purchase and sales of goods overseas on the conditions that such goods must not be imported into Thailand (except for transit or transshipment)
  • Income derived from providing international trading related services to juristic persons incorporated under foreign laws on the condition that such income must be received from foreign country

Personal Income Tax

  • The personal income tax rate for the expatriates working in an IHQ is reduced to 15% on gross income and benefits derived from employment

Final Tax

  • Exemption for dividents paid by the ITC to a company or juristic partnership incorporated under foreign laws, and has no operation in Thailand.

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Christian Moser
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Suthida Tanphetthongkul
Associate

suthida@juslaws.com

(66)-2254-4117