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Thai Government Seeks To Boost Robotics Sector With Tax Breaks

by Mary Swire, Tax-News.com, Hong Kong

08 September 2017


Thailand is to offer a number of tax breaks to boost the country's robotics sector.

Announcing the measures approved by the Cabinet, Industry Minister Uttama Savanayana revealed that the proposals include a three year 50 percent corporate tax reduction for robotics and related firms, a 300 percent research and development (R&D) deduction on relevant expenditure, and the removal of import duties on inputs.

The Ministry of Industry has additionally pledged to provide preferential loan conditions for businesses in the targeted sectors.

TAGS: tax | tax incentives | commerce | corporation tax | Thailand | manufacturing | import duty

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