Thailand Announces Tax Measures to Promote Investment

On 4 January 2016, Thailand's Deputy Prime Minister Somkid Jatusripitak announced a number of tax measures taken to promote investment in 2016 and future years. The measures include:

• The application process for public-private partnership (PPP) projects is reduced from 25 months to 9 months (PPP projects eligible for corporate tax exemptions up to 8 years, related import duty exemptions, double deductions for certain costs, and other incentives);
• A 10% to 15% corporate tax exemption will be p…