Thailand offers 50% tax cut to boost smart cities
The Digital Economy and Society Ministry on Monday incentivised smart city development by offering a 50% cut in corporate tax for three years.
DES Minister Prasert Chanthararuangthong announced the move during a seminar titled “Thailand Smart City 2024” at the Grand Hyatt Erawan Hotel in Bangkok. Prasert said the Pheu Thai-led government was focused on developing provincial hubs into smart cities in seven fields – transport, energy, economy, citizen, living, public services, and the environment.
Each province will specialise in one or more of the fields to achieve carbon neutrality and earn the title of smart city. Companies that invest in a smart-city province will be eligible for a 50% corporate tax break for three years.
The Nation Reporter
