Details of special incentives for seven economic zones in the government’s flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days.
Kanit Sangsubhan, secretary-general to the EEC Office, said interested investors will be allowed to apply immediately after the incentives are announced.
According to Mr Kanit, the special incentives his office is going to offer to investment projects in the seven economic zones are similar to the Board of Investment’s (BoI) privileges, but one major difference is the EEC Office will offer them to groups of companies or clusters of industries, while the BoI offers its incentives to individual companies.
Under BoI law, the board is allowed to offer the highest privileges available in the country: a corporate income tax exemption for eight years, and a 50% reduction in the corporate income tax rate…
