BOI introduced 2 new tools to attract valuable investments

business May 02, 2017

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In order to promote the country’s development in accordance with the government’s policy to become “Thailand 4.0”, the Thailand Board of Investment (BOI) has introduced new tools to boost and attract more new investment. More incentives will be offered according to the announcements of the following

1) The Amendment of the Investment Promotion Act (No. 4) A.D. 2017

2) The Competitiveness Enhancement Act for Targeted Industries A.D. 2017

1)The Amendment of the Investment Promotion Act (No. 4) A.D. 2017

     entered into force on January 25, 2017 and gives first priority to  

     “Human Resources and Technologies”. The Act promotes   

     investments in high technology and R&D in the country and offers  

     corporate income tax exemption up to 13 years according to the 

     BOI’s conditions.

Activities eligible for investment promotion under this Amended Act

are  as follows:

1. Biotechnology                    

2. Nanotechnology                

3. Advance Material Technology    

4. Digital Technology                

5. Electronics Design

6. Research and Development

7. Engineering Design

8. Scientific Laboratories

9. Calibration Services    

 10. Vocational Training Centers(specialized in science and technology 

trainings)

Summary of incentives under the Amendment of the Investment 

Promotion Act.

•Corporate income tax exemption up to 13 years

•50 % reduction of Corporate Income Tax rate up to 10 years

•Exemption of import duty on machinery, raw and essential material (used for export products) and products used for R&D purposes

•Non-Tax incentives e.g. rights to own land, permit to bring into the Kingdom skilled workers and experts to work in investment promoted

activities

2)The Competitiveness Enhancement Act for Targeted Industries     A.D. 2017

 entered into force on February 14, 2017. It is considered as a new

 tool, which has never before been used to promote investment in 

  targeted industries.

     Under this Act BOI has support to industries that invest in R&D, 

innovation promotion or specialized human resources development in

targeted industries according to the BOI’s conditions. 

 

www.boi.go.th

E-mail: head@boi.go.th

Tel : 0 2553 8111

Application: BOI Thailand