Thailand: Reduced corporate tax rate for special economic zones approved by Cabinet
Reduction in corporate tax rate to 10% for businesses in special economic zones
The Thai Cabinet on January 13, 2025, approved a reduction in corporate tax to 10% for profits generated from targeted businesses in the country's special economic zones.
The rate applies for 10 consecutive accounting periods and includes income from both goods production and services in these zones. The business establishment must be a permanent building within the special economic zone.
For more information, contact a KPMG tax professional in Thailand:
John Andes | jandes@kpmg.co.th