The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.
“The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024,” said Industry Minister Suriya Jungrungreangkit.
“This measure also supports the state’s bio-, circular and green [BCG] economic model.”
BCG, which has been declared a national agenda item by the Prayut Chan-o-cha administration, encourages manufacturers to adopt techniques that can add…
