Thailand announces tax measures supporting investments in Special Economic Zones and Industry 4.0

The Thai Cabinet has approved two draft Royal Decrees (the Royal Decrees)1 providing tax measures to promote investments in a Special Economic Zone2 (SEZ) and support personnel development for Industry 4.0.
Reduction of corporate income tax (CIT) rate for SEZ
- The Royal Decrees extended the deadline to register for a reduction of the CIT rate from 20% to 10% for businesses based in an SEZ (SEZ operat…