Thailand announces tax measures supporting investments in Special Economic Zones and Industry 4.0

The Thai Cabinet has approved two draft Royal Decrees (the Royal Decrees)¹ providing tax measures to promote investments in a Special Economic Zone² (SEZ) and support personnel development for Industry 4.0.

Reduction of corporate income tax (CIT) rate for SEZ

• The Royal Decrees extended the deadline to register for a reduction of the CIT rate from 20% to 10% for businesses based in an SEZ (SEZ operators) to 31 December 2020.
• After registration, SEZ operators are eligible for a 10% CIT rate on n…