PwC Free Legal and Tax Seminar on EEC Incentives

Objectives:

Current, there are many investment promotion laws and policies given the special investment incentives to investors including with the latest investment promotion law, i.e. the Eastern Economic Corridor Act B.E. 2561, effective on 15 May 2018.

The latest investment promotion law is aimed at enhancing the Eastern Economic corridor area’s competitiveness on the world stage and maintaining, its position as a major business hub within South East Asia in terms of investments, finance and high technological industries e.g. next- generation automotive, smart electronics, affluent, medical & wellness tourism, automation and robotics, aviation, eco-friendly petrochemical and biochemical, medical hub, digital, and etc.

This seminar will provide you with in-depth EEC incentives offered by the Thai governments including the Revenue Department and will guide you through the EEC scheme to enable you to explore investment opportunities under all Thailand investment promotion laws and EEC rules and regulations and help you decide the path that suits your circumstances.

So what’s on offer under all various investment promotion laws? Maximum of 13-15 years’ corporate income tax exemption and 10 billion baht towards a competitive enhancement fund. The Thai government also amended the current Investment Promotion Act to provide more corporate income tax incentives for the current eligible activities that are categorised into non-tax activity-based incentives or calling in the BOI teams as “B1 and B2 lists” and current promoted projects.

Another side of the amendments for more package for utilising corporate income tax incentives, the related authorities have also enforced all regulations and conditions for controlling all of promoted products to achieve the “Cleaning Policy of Thailand’s authority which need to eliminate the non-compliance tasks from promoted companies. Therefore, in-depth understanding of the regulations and conditions will help industrial operators legally maximise their investment projects and BOI corporate income and import duty taxs incentives relating to machinery and production including the general post-processes required by the Investment Promotion Act.