On 3 June 2016, the Royal Decree issued by virtue of the Revenue Code on Income Tax Reduction and
Exemption (Vol. 612) B.E. 2559 was announced to repeal the provisions of Section 12 of the Royal Decree issued by
virtue of the Revenue Code on Income Tax Reduction and Exemption (Vol. 586) B.E. 2558 and to grant exemption of
specific business tax in Chapter 5, Clause 2 of the Revenue Code to multi-national corporations who are qualified as
prescribed in Section 9 for income from financial services provided to their subsidiaries with effect from 2 May 2015.