One of the recent highlights in Thailand’s infrastructure industry is Eastern Economic Corridor (EEC), a pilot project for the economic development of Thailand’s Eastern Seaboard. KPMG in Thailand believes that the EEC project will be one of the significant investment drivers in infrastructure, industrial projects, and social projects, which will in turn strengthen the economic, GDP growth and social development of not only Thailand, but also other countries through interconnectivity.
This ‘Eastern Economic Corridor’ industry focus publication includes the key topics about the EEC project from its overview to its major infrastructure projects, new investment incentives in the EEC as well as incentive comparison of ECC and other ASEAN nations.
“Evidently, the Eastern Economic Corridor (EEC) is one of the mega projects initiated by the Government to attract investments in advanced technology in the targeted new wave industries. EEC will create plenty of opportunities for investors to participate in, for instance, the Public-Private Partnership (PPP) to develop utilities, infrastructure and public transportation to connect areas over the greater three provinces and beyond. In order to achieve the ultimate benefits from EEC conditions under the BOI and EEC law, Revenue Code, and the ‘Empowering the Competition of the Country in Targeted Industry Act B.E.2560’, investors should be aware and be well-prepared as well as have the appropriate corporate structure and a good understanding of the requirements from the beginning.”
Director, Tax and Legal, KPMG in Thailand