On 21 December 2020, Thailand’s Board of Investment approved a series of investment acceleration measures to stimulate Thailand’s economy and encourage businesses to adopt digital technologies in 2021. A notification containing details of the measures is yet to be issued. The additional incentives to accelerate investment include a corporate tax exemption and large tax deductions, with each investment acceleration measure providing different privileges. These incentives are summarized in this Update.
For more information, click here to read the full Legal Update.
