ANNOUNCEMENT 04 Mar 2009In March 2009, the government of Thailand announced a change in import duties.
NUMBER OF INTERVENTIONS
Effective 4 March 2009, the Thai Board of Investment announced additional incentives for certain activities which are eligible for promotion under the Investment Promotion Act.
Projects that include investments in machinery to decrease energy consumption, use alternative energy, or reduce environmental impact shall receive an exemption from import duties on the machinery as well as corporate income tax cuts.
The incentive is available for applications made until 31 December 2009 and the project completed by 31 December 2011.