One of the major uncertainties in connection with an investment in Pandora has been sorted out in favour of the company.
The current arrangement of tax exemption in Thailand has been extended with eight years and will run until the fourth quarter of 2019.
According to a notice from the company, the arrangement relies on a new decision from the Thai Board of Investment.
Pandora tax benefits in Thailand include exemption from Thai corporation taxes as well as exemption on the profit from Pandora Production to its shareholders.
In addition, exemption from import duties on machinery and raw materials imported into Thailand.
Pandora’s original agreement with the Thai authorities was set to expire in August 2012.