Thai Auto Industry Backs Tax Reform to Attract Investment and Strengthen Supply Chains

The Federation of Thai Industries (FTI) has expressed its support for tax structure reform within the automotive industry. This reform aims to attract domestic investment and effectively link supply chains to small and medium-sized enterprises (SMEs). Through tax adjustments, the FTI seeks to enhance the overall competitiveness of the automotive sector and build a more robust supply chain network, thereby contributing to economic revitalization. This is expected to benefit SMEs, such as component manufacturers, and strengthen the industrial base. This initiative could be a significant step for Thailand in maintaining and strengthening its position as an automotive industry hub in Southeast Asia. Improving the investment environment is likely to spur the adoption of new technologies and expansion of production capacity, ultimately leading to job creation. Source: MGR Online (Business)