During the past few years, Thailand has considerably increased its e-commerce presence and consumption. As a matter of fact, Thailand has, in 2024, approximately 43.5 millions e-commerce users, which represents approximately 60% of its population. In terms of value, Thailand represents the second largest e-commerce market in South East Asia, just after Indonesia, with over 980 billions baht (USD 28 billion) according to the chief executive of Priceza and honorary president of the Thailand E-Commerce Association, Thanawat Malabuppha.
Thailand is a booming business hub in Southeast Asia. It attracts local and international companies with its strategic location, strong infrastructure, and skilled workforce. Moreover, the country offers appealing tax advantages that foster business growth and investment.
In this article, we’ll explore Thailand’s tax incentives for businesses, outlining their benefits and eligibility criteria.
The Thai government has approved measures to encourage investment in special economic zones (SEZs). The purposes for developing the SEZs include the acceleration of border trade, increasing border security, promoting the greater distribution of income, and enhancing Thailand’s competitiveness in the ASEAN Economic Community.