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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.

Content provided by Picture: HKTDC Research
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