The second is for those developing and providing at least one of the six smart solutions: smart mobility focusing on transportation system, smart living, smart energy and environment, smart governance focusing on state services, smart people focusing on promoting education, and smart economy focusing on promoting ease of doing business. The investment in each of these two categories will enjoy a waiver of corporate income tax for eight years. The BOI has also approved a revision of its measures for promoting science and technology investments as well as those for promoting investments in the Eastern Economic Corridor (EEC). If the project is located in any of the 10 special economic zones in one of the 10 border provinces, they will gain a tax break on corporate income tax for six years. Operators of the centres will enjoy a tax break of corporate income tax for eight years on revenue from offering the service of distributing products to international markets.

Source: The Nation Bangkok May 09, 2018 18:00 UTC