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.
The Center of Robotics Excellence projects that these tax measures will attract 2 billion baht per annum in foreign investment in the automation sector over the next three years, amounting to a total of 6 billion…
