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Thailand Approves Investment Incentives in Response to COVID-19

21 April 2020

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Approved Changes

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Thailand

Thailand's Board of Investment (BOI) has issued a release announcing the approval of a series of measures to mitigate the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical equipment and other areas of investment. The measures approved as provided in the release include the following: --- Accelerate investments in the medical sector (1) Apart from the 3 to 8 year tax holidays, a reduction of 50 percent of corporate income tax for an additional 3 years will be given to qualified investments in the medical sector. Examples include...