Thailand Launches New Incentives to Attract Hybrid Vehicle Manufacturers Thailand is currently hosting global carmakers like Toyota and Honda, now introducing new investment incentives for manufacturers of hybrid vehicles. Announced by the Board of Investment (BOI) on Friday, these measures include lowering excise taxes for hybrids from 2028 to 2032, aiming to enhance Thailand’s competitiveness…
The BOI was established as a government agency under the office of the Prime Minister carrying out the Investment Promotion Act (B.E. 2520; 1977, as amended) to promote certain types of highly sought-after foreign and domestic investment in Thailand. Today, the BOI can guarantee different incentives to an investor. The BOI has discretionary authority to…
Under the Foreign Business Act (“FBA”), foreigners are legally restricted in doing certain businesses in Thailand as prescribed in the lists Annexed to the FBA. Fortunately, there are various possibilities to obtain official permissions. And there are also government schemes available which provide for tax exemptions and tax reductions. Until now the Thai government authorities…
In order to prepare itself for the new digital economy and maintain the rapid level of startups growth, particularly in Fintech, Food Tech and e-commerce, the Thai government has developed a large scale program. This aims to produce a digital economy framework around four areas of development: digital commerce, digital entrepreneur, digital innovation, and digital…
According to media reports, Mr. Apisak Tantivorawong, the Finance Minister, plans to establish a fund to offer additional investment incentives as Board of Investment privileges to six industries such as biofuel, logistics and robotics. These incentives are considered essential to driving the country towards an S-shaped growth curve. “This fund will provide low-interest credit or…
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