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Thai Companies Hail Burma Tax Breaks

3 May 2012

Thai companies have welcomed Burma’s pledge to offer tax concessions to foreign investors, according to a report by The Bangkok Post. Executives from the Federation of Thai Industries (FTI) said they were awaiting confirmation of Burma’s investment promotion measures, including a cut in the corporate income tax rate to 25 percent, down from the current rate of 30 percent. Last week, an FTI delegation traveled to Tavoy, site of the Thai-backed Dawei deep-sea port project and special economic zone. The group also downplayed concerns that ethnic tensions could hamper cross-border trade.