Thailand enacted a new tax regime for International Headquarters (IHQ) and International Trading Centers (ITC) under Royal Decree No. 586 on 1 May 2015. The regime replaces the previous regime for Regional Operating Headquarters and International Procurement Centers, relaxing certain foreign ownership and activity limitations. Companies operating under the previous regimes may apply for the new regime incentives without claw back provisions. Under the regime a company may be considered an IHQ and ITC depending on the qualifying activities it performs. The conditions are essentially the same and the benefits apply based on the activities of the company. An IHQ...