Thailand Extends Tax Holiday For Certain Start-ups and Provides Other Incentives

Thailand published a series of Royal Decrees in the Official Gazette on 13 May 2018 that provide for various tax incentives. One of the main incentives is provided by Royal Decree No. 658, which extends the five-year corporate tax holiday (exemption) for start-ups in certain targeted industries that are incorporated in 2018. The tax holiday was first introduced in 2015 for start-ups incorporated between 1 October 2015 to 31 December 2016 and was subsequently extended for 2017. The targeted i…