On 23 June 2020, Thailand published several Royal Decrees in the Official Gazette that provide various tax benefits and incentives, including in relation to COVID-19. The main benefits and incentives are summarized as follows:
Reduced Tax Rate for SEZs
One of the key incentives is for entities carrying on operations in Special Economic Zones (SEZs), which is provided by Royal Decree No. 693. The incentive is in the form of a reduced corporate tax rate of 10% for 10 consecutive accounting…