Projects in Zone 1
are granted:
50 per cent reduction of import duty on machinery that is subject to import duty of not less than 10 percent.
Corporate income tax exemption for 3 years for projects located within industrial estates or promoted industrial zones, provided that such a project with capital investment of 10 million baht or more (excluding cost of land and workng capital) obtains ISO 9000 or similar international standard certification within 2 years from its start-up date, otherwise the corporate income tax exemption will be reduced by 1 year.
Exemption of import duty on raw or essential materials used in the manufacturing of export products for 1 year.
Projects in Zone 2
(excluding Laem Chabung Industrial Estate and industrial estates and promoted industrial zones in Rayong Province) are granted:
Exemption of import duties on machinery for projects located in industrial estates or promoted industrial zones, and 50 per cent reduction of import duty on machinery that is subject to import duty of not less than 10 per cent for projects located outside industrial estates or promoted industrial zones.
Corporate income tax exemption for 3 years, increased to 7 years for projects located within industrial estates or promoted industrial zones, provided that such a project with capital investment of 10 million baht or more (excluding cost of land and working capital) obtains ISO 9000 or similar international standard certification within 2 years from its start-up date, otherwise the corporate income tax exemption will be reduced by 1 year.
Exemption of import duty on raw or essential materials used in the manufacturing of export products for 1 year.
Projects in Zone 3
(including Laem Chabung Industrial Estate and industrial estates and promoted industrial zones in Rayong Province) are granted:
Exemption of import duty on machinery.
Corporate income tax exemption for 8 years provided that a project with capital investment of 10 million baht or more (excluding cost of land and working capital) obtains ISO 9000 or similar international standard certification within 2 years from its start-up-date, otherwise the corporate income tax exemption will be reduced by 1 year.
Exemption of import duty exemption on raw or essential materials used in the manufacturing of export products for 5 years.
Deduction from net profit of 25 percent of the project’s infrastructure installation or construction costs in addition to normal depreciation, and such deductions can be made from the net profit of one or several years within 10 years form the date of first revenue derived from the promoted activity.
Projects located in industrial estates or promoted industrial zones in 36 provinces : (Chai Nat, Chanthaburi, Chiang Mai, Chiang Rai, Chumphon, Kamphaeng Phet, Khon Kaen, Krabi, Lamphang, Lamphun, Loei, Lop Buri, Mae Hong Son, Mukdahan, Nakhon Ratchasima, Nakhon Sawan, Nakhon Si Thammarat, Phangnga, Phattalung, Phetchabun, Phetchaburi, Phitsanulok, Pichit, Prachin Buri, Prachuab Khiri Khan, Ranong, Sa Kaew, Sing Buri, Songkhla, Sukhothai, Surat Thani, Tak, Trang, Trat, Uthai Thani, and Uttaradit) as well as Laem Chabung Industrial Estate and industrial estates or promoted industrial zones in Rayong province are granted the tax and duty privileges extended under 4.3.1, 4.3.2, 4.3.3, 4.3.4, and the following:
(1)
50 per cent reduction of corporate income tax for 5 years after the exemption period
(2)
Double deduction from taxable income of transportation, electricity and water costs for 10 years from the date of first revenue derived from promoted activity.
(3) 75 percent import duty reduction on raw or essential materials used in manufacturing for domestic sales for 5 years, based on annual approval (This incentive is not available to projects in Laem Chabung Industrial Estate and industrial estates or promoted industrial zones in Rayong province.)
Projects located in 22 provinces: Amnat Charoen, Buri Ram,Chaiyaphum, Kalasin, Maha Sarakham, Nakhon Phanom, Nan, Narathiwat, Nong Bualamphu, Nong Khai, Pattani, Phayao, Phrae, Roi Et, Sakhon Nakhon, Sathun, Si Sa Ket, Surin, Udon Thani, Ubon Ratchathani, Yasothon, and Yala are granted the tax and duty privileges extended under 4.3.1, 4.3.2, 4.3.3, 4.3.4 and the following:
(1) 50 per cent reduction of corporate income tax for 5 years after the exemption period;
(2)
Double deduction from taxable income of transportation, electricity and water costs for 10 years from the date of first revenue derived from promoted activities;
(3)
75 percent import duty reduction on raw or essential materials used in manufacturing for domestic sales for 5 years, based on annual approval , for projects located in industrial estates or promoted industrial zones.
Note: In each zone, the maximum value of a project’s corporate income tax exemption is 100 percent of its investment capital, unless otherwise specified.
