Special Economic Zone : SEZ and Eastern Economic
Corridor : EEC
Thee Jitpitaklert, Ph.D. Tax Incentives Bureau 22 August 2017
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2
In 2015, 10 SEZ are established
First 5 SEZs are in Tak, Mukdaharn, Srakaew, Trad, and Songkla
Second 5 SEZs are in Nhongkhai, Naratiwes, Chiangrai, Nakhonpanom, and Kanjanaburi
Credit : NESDB
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SEZ Committee (กนพ)
SEZ Committee Secretariat Office (สนพ)
Working Mechanism
Credit : data from NESDB
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Labor health,
Border workers
Land
Infrastructure and Customs Houses
Security
Labors, Workforce
Credit : data from NESDB
Natural Resour
ces
Work Plan
Incentives
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• Free CIT 8 Years, and 50% for 5 years
• Allow of foreign workforce permits BOI
• Revenue dept –CIT 10% for 10 years
• Customs dept – compromised
conditions to apply for Customs Free Zone and, Customs Bonded Warehouse
besides BOI
• Minimum investment start at 500,000 baht SMEs
• EXIM Bank investment loan in SEZ
Investment Loan
Incentives
6 Credit: BOI June 2017, Infographic by NESDB.
Customs Tax Incentives in SEZs
Customs Notification 154/2558 dated 15 July 2015
and Customs Notification 32/2559 dated 23
March 2016
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Capital paid Regular SEZs
BW – General type ≥ 20 MB ≥ 5 MB
BW-Manufacturing type
≥ 1 MB ≥ 1 MB
Free Zone Establisher
≥ 60 MB ≥ 10 MB
Free Zone User ≥ 5 MB ≥ 1 MB
Bank Guarantee for Free Zone Establisher 5 MB 2 MB 8
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Eastern Economic Corridor : EEC
Government Policy to promote trade, investment, tourism, in Rayong, Chonburi, Chacheongsao
U-tapao airport development
Maptaphut seaport
Laem
Chabang Seaport
Highspeed train
Double-rail train
Motorway
New S Curve Industrial
New Town Development
Tourism
Credit : IEAT
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NEXT-GENERATION AUTOMOTIVE
SMART ELECTRONICS
AFFLUENT, MEDICAL & WELLNESS TOURISM
ARGRICULTURE & BIOTECHNOLOGY
FOOD FOR THE FUTURE
ROBOTICS
MEDICAL HUB
AVIATION
BIOFUELS + BIOCHEMICALS
DIGITAL
Uplifting of
Existing Strong Base Moving
Towards
Future Industries
Credit : IEAT
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Beginning
Industrial Estate Authority of Thailand (IEAT)- investment in IEAT, clusters
Navy – development of U-tapao airport,
and Sattahip seaport
NESDB – town development, planning
of water/electricity
Ministry of Transportation – railway, road, Logistics system
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Development
• Drafted EEC Act by IEAT
4 Oct 16
• Brought to Cabinet by NESDB, and approved by Cabinet
Apr 17
• Approved by the Office of the Council of State
(Krisdika), the Cabinet send back to re-evaluate
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Development
17 Jan 17
EEC Committee established
21 Feb 17
Cabinet approved Dr.Kanis Saengsupan to be Secretariat of the EEC office
8 May 17
EEC office MOU with HKTDC to connect EEC with One Belt One Road
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1. High Speed Train Connect 3 airports and Rayong
2. MICE city Pattaya city
3. Sattahip seaport cruise and ferry
4. U-tapao airport Passengers, trade, logistics
5. New town, and Free Economic Zone Living, trade, investment Credit : IEAT
What’s in EEC?
Terminal Ferry port
Sattahip
beach Shops and
duty free
Cruise
port
Navy area
16 Credit : Navy
Sattahip seaport
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Free Economic Zone
Free Trade Zone
Free Economic Zone
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Free Economic Zone
Confusion
Free Economic Zone
Customs Free Zone IEAT Free Zone
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Incentives in
Thailand
BOI
IEAT
• General Zone
• IEAT Free Zone
Tax reimbursement ACT BE.2524
Customs Dept.
• Customs Free Zone
• Bonded Warehouse
• Duty Drawback
sensitive list
Incentives
Land development
Law process
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Free Economic Zone
In Free Economic Zone
Bank and financial area
One-stop service
Logistics hub
National Single Window
Successful cases:
Shanghai Pilot Free Trade Zone (SPFTZ) - China
Jurong Innovation District - Singapore
Incheon Free Economic Zone (IFEZ) – S.Korea
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Free Economic Zone
Expected FEZ areas
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1.Lamchabang Seaport Logistics and Clusters support
2.U-tapao airport Aviation hub, Digital Economy – E-Commerce
3.Maptaphut seaport Petrochemical products
4.Inland industrial Zones Automobiles, Robotics, electronics
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2 3
4
Credit : IEAT
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1. Ladkrabang Cargo Control Customs Bureau
2. Suvarnabhumi Airport Cargo Clearance Customs Bureau
3. Laem Chabang Port Customs Bureau
4. Maptaphut Customs House
Customs Dept. and EEC
Credit : IEAT
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Free Zone
Bonded Warehouse
Duty Free Shop
การลดหรือยกเว้นอัตราอากร
Electronic Customs Control
Customs Alliance
Customs Dept. and EEC
Thank You
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Thee Jitpitaklert, Ph.D. Tax Incentives Bureau,
Thai Customs Department Email: [email protected]
Line: drthee23