Thailand’s Super Clusters Investment Incentive Plan now in place

BANGKOK – The Thailand Board of Investment’s Super Clusters plan is now in effect, detailing the activities eligible, the incentives on offer and the provinces in which the clusters will be located.

There are four categories of Super Clusters – automobiles and automotive parts; electronics, electrical appliances and telecoms equipment; environmentally-friendly petrochemicals and chemicals; and digital.
Incentives include corporate income tax exemption for eight years (with or without a capped amount) and a 50% reduction for an additional five years. Other rights and privileges also apply.
Other targetted clusters for promoted activities are agri-processing and garments and textiles, which offer similar incentives, according to a Client Alert published by lawyers Baker and McKenzie. www.bakerandmckenzie.com (ATI).