13 April 2020 – Reduced corporate income tax for investments in medical sector

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Medical products and medicines
Sectors Involved: Business support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Thailand Board of Investment confirmed that a 50 percent reduction in corporate income tax for a period of 3 years will be extended to investments in the medical sector.

This extension is on the condition that investments realise production output by 31 December 2020, and that 50 percent of the output is distributed or donated domestically between 2020-2021.
Full details here: https://www.bangkokpost.com/business/1900395