The Board of Investment of Thailand grants certain privileges to the promoted companies in each investment promotion zones. Today, we summarize the tax incentives granted to the projects in Zone 1 which includes Bangkok, Samut Prakan, Samut Sakhon, Nakhon Pathom, Nonthaburi and Pathum Thani.
– 50% reduction of import duties on machinery for both inside and outside industrial estates or promoted industrial zones
– Corporate income tax exemption for 3 years for projects located within industrial estates or promoted industrial zones
– Exemption of import duty on raw or essential materials used in manufacturing of export products for projects located within and outside industrial estate or promoted industrial zones
The tax incentives for projects in Zone 2 are summarized in the next article.