The Thai Cabinet in late April 2020 approved the principles underlying tax incentives that are intended to encourage foreign investors to relocate their production activities to Thailand and to enhance Thailand’s competitiveness. The tax incentives would be made available under the “Thailand Plus Package.”
The tax benefits include additional tax deductions for companies or partnerships with regard to certain expenses incurred in the period 1 January 2019 to 31 December 2020, such as:
Read a May 2020 report prepared by the KPMG member firm in Thailand
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