Thailand Plans Enhanced Tax Incentives for Green Investments
The Thai government is preparing a series of tax incentives to promote a low-carbon economy and encourage green investments, as announced by Finance Minister Pichai Chunhavajira at the Bangkok Post Conference 2024. The measures include current tax exemptions on carbon credits and future incentives like tax deductions for solar cells and a carbon tax for excessive emissions. These steps aim to make Thailand a leader in sustainable development and improve citizens' quality of life.
The Thai government is preparing a series of tax incentives to promote a low-carbon economy and encourage investment in environmentally friendly businesses.
Finance Minister Pichai Chunhavajira made this announcement at the Bangkok Post Conference 2024, held at Centara Grand at CentralWorld.
Current measures include tax exemptions on net profits from the sale of carbon credits and promoting investment in the Thai ESG Fund.
The government will implement further incentives in three stages: short-term measures like tax deductions for solar cell installations; medium-term measures like tax incentives for businesses to calculate their carbon footprints; and long-term measures, such as a carbon tax for excessive greenhouse gas emissions, in line with the Paris Agreement.
These initiatives aim to position Thailand as a leader in sustainable development and improve the quality of life for its citizens.
Finance Minister Pichai Chunhavajira made this announcement at the Bangkok Post Conference 2024, held at Centara Grand at CentralWorld.
Current measures include tax exemptions on net profits from the sale of carbon credits and promoting investment in the Thai ESG Fund.
The government will implement further incentives in three stages: short-term measures like tax deductions for solar cell installations; medium-term measures like tax incentives for businesses to calculate their carbon footprints; and long-term measures, such as a carbon tax for excessive greenhouse gas emissions, in line with the Paris Agreement.
These initiatives aim to position Thailand as a leader in sustainable development and improve the quality of life for its citizens.
