The Deputy Prime Minister of Thailand announced on 4 January 2016 some further tax incentives for targeted industries.
According to the announcement 10% to 15% income tax exemption will be provided for professionals working in targeted industries.
For the purpose of increasing current projects in Thailand, double tax deductions will be provided on capital investments like the procurement of machinery, equipment, computer software, etc. made by foreign investors before 31 December 2016.
Also, for the research expenditure incurred during the period 2015 to 2019 triple tax deductions will be provided.