The Investment Promotion LawThe first law is enacted to encourage private investment. The act to promote industry of 2497 and then later have improved the law several times to achieve the result in the promotion of investment can be more complete. The essence of the law remains the same is 1) providing insurance investment, such as the state will not set up the industry to compete, and will not transfer the business of private industry belong to the state. Because of the high field marshal Sarit thanarat (state policy to adjust the role of investment in industry. In support of private investors) and 2) as providing tax incentives, namely, except for the corporate income tax exemption of import duty. Tax and raw materials. Exemption of import duties and taxes and raw materials.
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