Thailand Plus Package extension anticipated to attract 6 billion baht investment in three years

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Image courtesy of Bangkok Post

 

by Alex Morgan

The Revenue Department anticipates that the tax measures designed to support the relocation of foreign investors’ production bases will generate investment of approximately 6 billion baht within three years, according to Deputy Director-General Vinit Visessuvanapoom.

 

Visessuvanapoom explained that the cabinet has given its backing to an extension of the tax measures, also referred to as the Thailand Plus Package, which aims to encourage the transfer of production bases.

Initially due to expire in 2022, the Thailand Plus Package has been extended until December 31, 2025, with the department now awaiting the cabinet’s approval of a draft law.

 

Full story: https://thethaiger.com/news/business/thailand-plus-package-extension-anticipated-to-attract-6-billion-baht-investment-in-three-years

 

-- © Copyright Thaiger 2023-05-15

 

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