The Finance Ministry is preparing to adjust the tax structure to incentivise foreign investors in preparation for a full reopening of the economy.
One of the planned measures to stimulate the economy is adjusting the tax structure as a short-term boost for individuals and the private sector, while a long-term plan is to support investment by private businesses, said Finance Minister Arkhom Termpittayapaisith.
He did not elaborate on the details of the planned measures.
“If the country fully opens, we are ready to attract foreign investors to invest in Thailand to stimulate the economy,” Mr Arkhom said. “We have to prepare [these measures] during this outbreak because we will then be able to continue propelling the economic recovery once the situation is over.”
The government offers tax privileges for foreign direct investment through the Board of Investment (BoI)….
