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UNBELIEVABLE: Tax incentives to encourage reduction in plastic usage | History Defined

Industry Suriya Jungrungreangkit Finance Income Tax

Mr Suriya says the tax reduction is aimed at helping the government reduce the usage of plastic materials, including single-use products.

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

"The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024," said Industry Minister Suriya Jungrungreangkit.

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