Thailand now stands third in Asean in terms of Ease of Doing Business, behind Singapore, which remains second, and Malaysia, which moves down one notch overall to 24th globally.
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Apart from a standard 5-8 years corporate income tax (CIT) exemption, project applications filed by end-2022 will be eligible for an additional 50% CIT reduction for a period of 5 years, on the condition they realize investment of not less than 1 billion baht within 12 months of the investment certificate issuance, Ms Duangjai told reporters.
- BOI and Headline Editor
- December 22, 2021