27 Sept 2016
THAILAND: Tax Waiver for High-tech FDI Projects Extended to 13 Years
The current eight-year corporate income tax (CIT) waiver available for FDI-backed high-tech projects is to be extended to 13 years. In an additional move, all qualifying FDI projects will also be eligible to apply for a 50% CIT reduction for a 10-year period following the completion of their initial tax holiday. Such businesses will also be entitled to claim duty exemption on goods imported for R&D purposes.
These changes have already been approved by the Cabinet and the Council of State and will be implemented following consent from the National Legislative Assembly.