On 23rd November 2017, the Board of Investment of Thailand (“BOI”) approved new investment packages to give additional tax incentives on top of the standard tax incentives for investment projects located in the Eastern Economic Corridor (“EEC”) area. The area covers Chonburi, Rayong and Chacheongsao provinces east of Bangkok. The BOI will soon issue notifications to implement the packages. There will be 3 packages that give additional incentives in 3 investment zones from 1st January 2018 to 30th December 2020.
Applications for the additional investment packages must be filed with the BOI during the period of 1st January 2018 to 30th December 2019.
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