Thailand: investment-related tariff exemption for automobile companies
Description
The Thailand Board of Investment approved on June 10, 2009 further incentives aimed at making Thailand the automobile manufacturing hub in Asia. The incentive scheme was primarily extended to cover new automobile types and attract investment in this sector and covers large-scale investment. The application must be submitted in 2010 and fulfill the conditions such as investment in new assembly line, minimum investment value and minimum manufacturing capacity.
Investors were offered exemption of import duties on machinery and corporate tax exemption for 5 or 6 years depending on investment value.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 23/08/2010
Implemented: Yes
Date of inception: 10 Jun 2009
GTA Evaluation: Green
Source:
Thailand Board of Investment (BOI) promotes new incentive scheme for new automobile types, Thailand Business News
June 15, 2009
http://thailand-business-news.com/news/top-stories/3208-thailand-board-o...
Government Response:
- 885 reads
