ANNOUNCEMENT 22 Oct 2010In October 2010, the government of Thailand announced a targeted tax change.
NUMBER OF INTERVENTIONS
Effective 22 October 2010, Thailand, as per Announcement 2/2553, included investments in data centers as a priority investment promotion activity. The inclusion to this list provides investors with various incentives including import duty exemptions on machinery as well as corporate income tax exemptions. Since there is international competition in the services provided by data centers these incentives alter the relative treatment of rival firms. Detriment to foreign commercial interests cannot be ruled out.