Tax Measures in SEZ

The Thai Government has presented a resolution to extend the period for the promotion of business operations in the Specific Economic Development Zone (SEZ), with a number of concessions for the accounting years 2018 – 2020:

– A reduction of personal income tax rate to 0.1% of assessable income.

– A reduction of the corporate income tax to 3% of net profit.

– A reduction of the personal income withholding tax rate to 0.1% of assessable income on the sale of immovable property situated within the SEZ.

– A reduction of the specific business tax rate to 0.1% on the sale of immovable property situated in the SEZ.

 

In addition, the Cabinet has confirmed that for accounting periods 2016 to 2020, a double deduction can be claimed by individuals, companies or juristic partnerships on the purchase and installation of CCTV systems.

 

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