Thailand Tax Agency Announces Reduction in Corporate Income Tax Rate to Promote Investment in SEZs

The Thai Revenue Department Jan. 14 announced a tax measure to promote investments in special economic zones (SEZs). The announcement includes a measure to reduce the corporate income tax rate to 10 percent of net profits, for companies or juristic partnerships that operate specified targeted businesses, with respect to income stemming from: 1) the production of goods in SEZs; and 2) the provision of services and the use of those services in SEZs for 10 consecutive accounting periods. [Thailand, Revenue Department, 01/14/25]

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