1. Regional Operating Headquarters (ROH) and Treasury Center (TC) Thailand’s policy to promote regional investment

2. 2 ROH  Tax incentives  Non-tax incentives Treasury Center  General Regulation  Tax system relating TC Policy Measures to promote ROH & TC

3. 3 Country Benchmarking Tax Incentives Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Launched200219861995 Income from qualified Services -Business -Royalties -Interest 10%, unlimited period RHQ: 15%, 3(+2) years IHQ: 0, 5 or 10%, 5-20 years Exempted, 10 years RHQ: Regional Headquarters IHQ: International Headquarters OHQ: Operational Headquarter Company

4. 4 Country Benchmarking Tax Incentives Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) DividendsExemption Depreciation Allowance Accelerated ratio None

5. 5 Country Benchmarking Tax Incentives Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Expat ROH employees income from overseas work Other income from ROH Exempt, 4 years 15%, 4 years 10%, 5 years 20% (normal rate) Requires additional approval from MIDA Exempt, 3-5 25% (normal rate)

6. 6 Country Experiences Criteria Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Minimum paid up capital requirement Minimum business spending requirement 

7. 7 Country Benchmarking Criteria Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Employment and remuneration 

8. 8 Country Benchmarking Criteria Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Minimum related companies requirement

9. 9 Country Benchmarking Criteria Thailand (ROH) Singapore (RHQ/IHQ) Malaysia (OHQ) Qualified services Require minimum of 3 qualifying services

10. ROH Policy Challenge Tax Incentives Criteria ROH Present Future Singapore/ Malaysia Thailand

11. 11 Tax system relating TC Exempted Specific business tax (SBT) on interest generated by lending to associated companies (>25%) Reduced SBT rate to 0.01% on treasury portfolio transaction Import duty compensation

12. Ministry of Finance of Thailand