IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Sep 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

 On 27 October 2015, the Board of Investment of Thailand announced additional incentives for certain projects, thereby amending its Investment Promotion policy that had been announced on December 2014.
 
Additional incentives in terms of Corporate Income Tax exemptions of 3-5 year duration were provided to investments in manufacture of the certain vehicle parts such as for fuel systems, transmission systems, engine systems, safety systems, suspension systems, steering systems, cooling systems, exhaust systems, air conditioning systems, ultimate tensile strength steel and ball bearing for vehicles. New manufacturing projects for these parts, and all other vehicle parts, are already eligible for incentives in the form of import duty exemption on machinery and on raw/essential parts & materials for manufacturing export products (for 1 year).
 
Incentives will be provided also for industrial real estate development projects for developing rubber industrial zones. These incentives include corporate income tax exemptions, import duty exemption on machinery and on raw/essential materials used in manufacturing of export products (for 1 year).
 
The incentives announced here are applicable retrospectively from 16 September 2015.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

019 Forage; natural rubber; living plants; raw vegetable materials
4001 Natural rubber, balata, guttapercha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip.
400110 Natural rubber latex, whether or not prevulcanised
348 Synthetic rubber & mixtures thereof in primary forms
4002 Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 40.01 with any product of this heading, in primary forms or in plates, sheets or strip.
400211 Latex
400219 Other
400220 Butadiene rubber (BR)
400231 Isobuteneisoprene (butyl) rubber (IIR)
400239 Other
400241 Latex
400249 Other
400251 Latex
400259 Other
400260 Isoprene rubber (IR)
400270 Ethylenepropylenenonconjugated diene rubber (EPDM)
400291 Latex
400299 Other
361 Rubber tyres & tubes
4011 New pneumatic tyres, of rubber.
401110 Of a kind used on motor cars (including station wagons and racing cars)
401120 Of a kind used on buses or lorries
401130 Of a kind used on aircraft
401140 Of a kind used on motorcycles
401150 Of a kind used on bicycles
401161 Of a kind used on agricultural or forestry vehicles and machines
401163 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401192 Of a kind used on agricultural or forestry vehicles and machines
401193 Of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm
401194 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401199 Other
4012 Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre treads and tyre flaps, of rubber.
401290 Other
4013 Inner tubes, of rubber.
401310 Of a kind used on motor cars (including station wagons and racing cars), buses or lorries
401320 Of a kind used on bicycles
401390 Other
362 Other rubber products
4003 Reclaimed rubber in primary forms or in plates, sheets or strip.
400300 Reclaimed rubber in primary forms or in plates, sheets or strip.
4005 Compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip.
400510 Compounded with carbon black or silica
400591 Plates, sheets and strip
400599 Other
4008 Plates, sheets, strip, rods and profile shapes, of vulcanised rubber other than hard rubber.
400811 Plates, sheets and strip
400821 Plates, sheets and strip
400829 Other
4009 Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings (for example, joints, elbows, flanges).
400911 Without fittings
400912 With fittings
400921 Without fittings
400922 With fittings
400931 Without fittings
400932 With fittings
400941 Without fittings
400942 With fittings
4010 Conveyor or transmission belts or belting, of vulcanised rubber.
401011 Reinforced only with metal
401012 Reinforced only with textile materials
401019 Other
401032 Endless transmission belts of trapezoidal crosssection (Vbelts), other than Vribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
401039 Other
4014 Hygienic or pharmaceutical articles (including teats), of vulcanised rubber other than hard rubber, with or without fittings of hard rubber.
401490 Other
4015 Articles of apparel and clothing accessories (including gloves, mittens and mitts), for all purposes, of vulcanised rubber other than hard rubber.
401511 Surgical
401519 Other
4016 Other articles of vulcanised rubber other than hard rubber.
401610 Of cellular rubber
401691 Floor coverings and mats
401692 Erasers
401693 Gaskets, washers and other seals
401695 Other inflatable articles
401699 Other
4017 Hard rubber (for example, ebonite) in all forms, including waste and scrap; articles of hard rubber.
401700 Hard rubber (for example, ebonite) in all forms, including waste and scrap; articles of hard rubber.
392 Non-metal wastes or scraps
4012 Retreaded or used pneumatic tyres of rubber; solid or cushion tyres, tyre treads and tyre flaps, of rubber.
401220 Used pneumatic tyres
491 Motor vehicles, trailers & semi-trailers; parts
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870810 Bumpers and parts thereof
870830 Brakes and servobrakes; parts thereof
870840 Gear boxes and parts thereof
870850 Driveaxles with differential, whether or not provided with other transmission components, and nondriving axles; parts thereof
870870 Road wheels and parts and accessories thereof
870880 Suspension systems and parts thereof (including shock absorbers)
870891 Radiators and parts thereof
870892 Silencers (mufflers) and exhaust pipes; parts thereof
870893 Clutches and parts thereof
870894 Steering wheels, steering columns and steering boxes; parts thereof
870895 Safety airbags with inflater system; parts thereof
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870821 Safety seat belts
870829 Other

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