Privileges under Investment Promotion Certificates IRPC has been granted promotional privileges from the Board of Investment under the Investment Promotion Act B.E. 2520 for the following activities: Production of Compounded Plastic, Combined Heat and Power (“CHP”) Project, the Propylene (“PRP”) Project, EBSMUpgrading for ABS Specialties (“EBSM”) Project, Multi Product Pipeline (“MPPL”) Project, Polypropylene Resin (“PPE”) Project, Polypropylene Compound (“PPC”) Project, High Pressure HDPE Compound Project, Investment Project in Industrial Park and the production efficiency improvement project for energy efficiency of the refinery (“UHV”), the Floating Solar Project, and the PP Meltblown Project, which can be summarized as follows: (a) Exemption from import duties and taxes for raw materials and essential materials, including machinery approved by the Board of Investment (b) Exemption from corporate income tax on net profits derived from the promoted business operation for a period of 5–8 years, from the date of earning income. (c) 50% reduction in the corporate income tax on net profits derived from the promoted business operation for a period of five years from the date of expiration of the benefits under (b), and (d) Double deduction from taxable income of the cost of transportation, electricity, and water supply for ten years from the date of earning income from the promoted business operation. In 2021, IRPC recorded revenue from sales (according to the separate financial statements) from business operations under investment promotion privileges, totaling Baht 129,717 million, an increase of 41% from the previous year. Of this, domestic sales accounted for Baht 83,493 million, and overseas sales Baht 46,224 million. 81 Structure and Business Operations of IRPC IRPC PUBLIC COMPANY LIMITED
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