Thailand Eastern Economic Corridor (EEC) Tax
Tax Insight | July 2017
On 10 July 2017, Royal Decree (No 641) was gazetted, providing a Thailand personal tax concession for employees working for corporate entities in the Eastern Economic Corridor (EEC). This Tax Insight summarizes the tax concession under Royal Decree (No 641).
Eastern Economic Corridor (EEC)
The Eastern Economic Corridor (EEC) is the following three eastern provinces of Thailand which the Government is promoting for the purposes of enhancing Thailand's development and competitiveness:
The Tax Concession
The tax concession provided under Royal Decree (No 641) is as follows:
Rules, Procedures and Conditions
The rules, procedures and conditions for the personal income tax concession under Royal Decree (No 641) are as follows:
Whilst it is the intention of the Government to provide this tax concession, if tax audit officers find any of the rules, procedures and conditions have not been fully complied with, the right to the tax concession will be lost, and back-taxes at the normal rates of tax plus penalty and surcharge will be payable.
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.