Exemption from corporate income tax for manufacturing of vehicle parts

Country / jurisdiction: Thailand · Year: 2012 · Status: In force · Level: National · Type: Voluntary

Thailand has not ignored the production of components for HEVs and PEVs either. In 2012 it began offering eight-year exemptions from corporate income tax (with a cap) for investment in the manufacture of vehicle parts involving advanced technologies, including batteries for HEVs, PHEVs, and BEVs, as well as traction motors “for automobiles such as hybrid or fuel-cell cars” (Kaewsang, 2013). Producers of these and other qualifying products can extend the number of years of exemption from corporate income tax depending on the share of R&D expenditures in their total revenues (Table 9).

Official source: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=COM/TAD/ENV/JWPTE(2013)27/FINAL&docLanguage=En