ANNOUNCEMENT 28 Mar 2012In March 2012, the government of Thailand announced a targeted tax change.
NUMBER OF INTERVENTIONS
Official announcement 2/2555
On 28 April 2012, the Thailand Board of Investment (BoI) issued Announcement No. 2/2555 providing incentives for investments in industrial estates or BoI-promoted industrial zones in Ayutthaya and Pathumthani provinces as part of measure to rehabilitate flood-affected investments.
The incentives apply to new investment projects and provide for corporate income tax reductions and import duty exemption on new machinery and used machinery, which is not more than 10 years old. These incentives can alter the relative treatment of firms, including foreign firms, in different locations in Thailand.