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Friday, June 21, 2024

Relocation tax package to yield B6bn

Goal is luring foreign investment

The Center of Robotics Excellence expects the tax measures to bring 2 billion baht per year of foreign investment into the country in the field of automation over a period of three years, or 6 billion baht in total.

The Revenue Department expects tax measures supporting the relocation of foreign investors’ production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom.

He said the cabinet endorsed an extension of the measures, also known as the Thailand Plus Package, to support the relocation of production bases.

The Thailand Plus Package was scheduled to end in 2022, but was extended until Dec…

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