The cabinet yesterday approved additional tax measures to boost private investment in 10 special economic zones (SEZs) and the flagship Eastern Economic Corridor (EEC). The 10-year measure will be offered for investment projects located in the 10 SEZs. The perk is meant to boost private investment in SEZs and create more jobs in border areas. The cabinet yesterday approved an exemption from value-added tax (VAT) and special taxes for private companies located in the EEC area. The Finance Ministry estimates the VAT exemption to cost 120 million baht in forgone revenue.

Source: Bangkok Post February 11, 2020 23:15 UTC