Thailand announced a tax incentive for biodegradable plastic products 
Thailand announced “Notification of Director-General of Revenue Department (No. 388) regarding Categories, Criteria, Procedures, and Conditions on Exemption of Corporate Income Tax for Expenses against Biodegradable Plastic Products” in the Royal Gazette on 5 November 2020. The notification prescribes a tax incentive scheme for 11 types of biodegradable plastic products. Companies can claim deductions of 1.25 times for expenses when they buy biodegradable plastic products between 1 January 2019 and 31 December 2021.
Target products of 11 categories are;
- Plastic carry bag
- Garbage bags
- Plastic cup
- Single-use plastic plates and bowls
- Plastic spoons, forks, and knives
- Plastic straw
- Plastic bags for agriculture
- Plastic film to cover the soil
- Plastic bottles
- Plastic cup lid
- Plastic film to cover cup lid
The scheme was approved by the Cabinet in June 2019 to tackle global plastic pollution.
Download original text of the Notification at
http://www.ratchakitcha.soc.go.th/DATA/PDF/2563/D/085/T_0088.PDF
