21 Feb 2017
THAILAND: Raft of Incentives Introduced for Industrially-innovative FDI Projects
Overseas investments deemed to boost the country’s industrial development are now free from corporate income tax liability for up to 15 Years. To qualify, any such investment should have a focus on industries new to Thailand, use cutting-edge technology or involve the application of advanced production techniques.
As an additional incentive, the government is also making available Thai Baht 10 billion (US$284.5 million) worth of subsidies for the support of R&D activities in certain target industries. In further moves, certain categories of machinery are to be exempt from import duty, while permits and visas for foreign experts in specified sectors are to be more freely available.