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Thailand Publishes Royal Decrees Providing Incentives for Automation Investment, Hiring Employees in STEM Fields, and Employee Training

29 September 2020

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Approved Changes

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Thailand

On 23 September 2020, Thailand published three Royal Decrees in the Official Gazette that provide incentives for investments in automation systems development, the hiring of employees in science, technology, engineering, and mathematics (STEM) fields, and employee training. The Royal Decrees entered into force on 24 September 2020 and have been published in relation to the Thailand Plus package approved in September 2019 to promote the relocation of companies to Thailand. The incentives provided by the Royal Decrees are summarized as follows: Automation Systems Investment Royal Decree 710 provides an additional 100% deduction for investments in machinery and computer software for...