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THAILAND: Eight-year Tax Waiver for Automotive and Electrical Parts FDI Projects

Investors in FDI-backed projects related to the automotive and electrical parts design sectors are now eligible to apply for an eight-year waiver of theirs corporate income tax (CIT) obligations. This represents a three-year extension to the five-year period previously on offer. All qualifying projects will need to demonstrate their commitment to contributing to the country’s on-going high-tech industrial development.

In an additional move, the government is also planning to extend the incentives on offer to FDI projects in the fields of fibre optics and submarine cable installation. Exact details of these incentives have yet to be announced.

For further information (in Thai) please see:
http://www.boi.go.th/upload/content/BOI_Board_01062017_76077.pdf

Content provided by Picture: HKTDC Research
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