On 26 December 2018, Thailand published in the Official Gazette the Royal Decree for the implementation of the International Business Center (IBC) regime, which replaces the International Headquarters regime, the Regional Headquarters regime, the Treasury Center regime, and the International Trading Center regime, all of which were found harmful as part of the OECD review in relation to BEPS Action 5.
Qualifying companies under the new IBC regime are eligible for a number of benefits/incen…