Private sector urged to take advantage of investment tax incentive in second half
The Thai Finance Ministry on 1 June urged the private sector to begin making serious investments in the second half before the double tax deduction for expenses is discontinued by year-end. The ministry has amended the conditions for the double deduction, allowing projects that might not be completed this year to get the incentives, in order to ease worries over project construction periods and encourage the private sector to inject money into the economy, said Somchai Sujjapongse, Finance Ministry permanent secretary speaking at a “Krungsri Business Forum”.
