13 June 2016
THAILAND: Double Tax Deductions Announced in Bid to Spur Infrastructure Investment
Investors will now be entitled to double tax deductions on all new projects started before the end of 2016. Qualifying projects do not need to be completed this year, with investors having until the end of 2017 to meet the requirements. These incentives were approved at the end of May and came into immediate effect.
The move forms part of bid by the Thai government to boost private investment in public infrastructure projects, as well as to counter the flagging growth witnessed over recent months.