The Digital Economy and Society Ministry (DES) on November 20 incentivised smart city development by offering a 50% cut in corporate tax for three years.
Thailand's Digital Economy and Society Minister Prasert Chanthararuangthong (Photo:nationthailand.com)
Bangkok (VNA) – The Digital Economy and Society Ministry (DES) on November 20 incentivised smart city development by offering a 50% cut in corporate tax for three years.
DES Minister Prasert Chanthararuangthong announced the moveduring a seminar titled “Thailand Smart City 2024” in Bangkok.
Prasert said the Pheu Thai-led government is focusing on developing provincial hubs into smart cities in seven fields – transport,energy, economy, citizen, living, public services, and the environment.
Each province will specialise in one or more of the fields toachieve carbon neutrality and earn the title of smart city. Companies thatinvest in a smart-city province will be eligible for a 50% corporate tax breakfor three years.
Prasert said smart city development would also require inputs from local communities.
ℱ The DES will promote theInternet of Things and Big Data technologies to manage the environment, reducepollution, and respond to natural disasters, he added./.
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Thailand's Digital Economy and Society Minister Prasert Chanthararuangthong (Photo:nationthailand.com) 
