28 Dec 2016
THAILAND: Competitiveness Fund Launched to Back High-tech FDI Factories
Foreign investors looking to establish high-tech, innovative factories in Thailand will be eligible for government support from a Baht 10 billion (US$ 276 million) competitiveness fund from early 2017. In a sign of the Thai government’s seriousness of these initiatives, a support package of US$678 million for six such projects has been approved.
As an additional incentive, the current FDI-backed high-tech project corporate income tax (CIT) waiver has been extended from eight to 13 years. All qualifying FDI projects will also be eligible to apply for a 50% CIT reduction over a 10-year period following the completion of their initial tax holiday. For further information, see THAILAND: Tax Waiver for High-tech FDI Projects Extended to 13 Years.