28 Nov 2017
THAILAND: Enhanced Incentives and Extended Deadlines on Offer to Priority Project Investors
The deadline for applying for the tax incentives on offer to would-be investors in the Eastern Economic Corridor (EEC) has been extended until 30 December 2019. Previously, the incentive offer period was scheduled to conclude by the end of 2017. Among the EEC-related incentives on offer is an eight-year corporate income tax (CIT) holiday.
An extended raft of incentives has also been introduced for a number of other priority development projects in Thailand, including the Eastern Aerotropolis (U-Tapao Airport) aviation promotion zone, the Eastern Economic Corridor of Innovation (EECi) and the Digital Park Thailand (EECD). Similar investor benefits are also on offer with regards to the Special Economic Zones (SEZs) in 10 of the country’s border provinces – Tak, Sa Kaeo, Songkhla, Trat, Mukdahan, Chiang Rai, Kanchanaburi, Narathiwat, Nakhon Phanom and Nong Khai.