23 Jan 2017
THAILAND: Tax Breaks Announced for Investors in US$281 Million Digital Innovation Park
An eight-year tax holiday is on offer for investors in the country’s first digital innovation park. With the park scheduled to open in 2018 in Chon Buri, a coastal province some 100km southeast of Bangkok, investors will also enjoy exemption from import duties on machinery and equipment, while researchers at the park will benefit from a five-year personal income tax waiver. As an additional incentive, a 50% corporate tax exemption will apply at the end of the initial eight-year tax break.
The moves come as part of the government’s bid to establish Thailand as a regional digital infrastructure hub, while additionally attracting FDI for the country’s data centres and R&D facilities. The Baht 10 billion (US$281 million) park also forms part of the wider Eastern Economic Corridor initiative.
For details, see THAILAND: Raft of Incentives Expected for Coastal Province Investors.