ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Health Care

Thailand cuts taxes to lure investment in masks and pharma

Incentives to meet virus-driven shortages also further Bangkok's long-term aims

The coronavirus pandemic has sent demand for face masks soaring in Thailand.   © Reuters

BANGKOK -- Thailand will deploy targeted tax cuts to encourage investment in face masks and other crucial items that are in short supply due to the coronavirus outbreak, the country's Board of Investment said on Monday.

A 50% corporate income tax cut lasting three years will be available for projects that involve the manufacturing of medical devices, diagnostic test kits, pharmaceuticals or mask materials.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more