Thailand Plans Finance Industry Tax Cuts to Build Frontier Hub

Thailand is planning to lower taxes and cut red tape to help it become a financial hub for investors doing business regionally, especially in frontier markets like Cambodia, Laos and Myanmar.

Draft legislation will be submitted to parliament early next month and likely passed later this year, paving the way for the country to operate as a financial center in 2026, Deputy Finance Minister Paopoom Rojanasakul said in an interview in Bangkok late Monday.