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

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

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