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Overview of the Board of Investment (BOI) privileges

The Board of Investment (BOI) was established pursuant to the Investment Promotion Act (B.E. 2520; 1977, as amended) for purposes of promoting certain foreign and domestic investment that are seen as welcome in Thailand. BOI Policies The Board of Investment has set investment promotion policies as follows: Promote investment that helps enhance national competitiveness by…

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BOI Privileges 2017

The Thai Board of Investment (BOI) has introduced its new policy for incentives for qualified investment projects. Under the new policy, following tax and non-tax incentives may be granted to successful applicants: Exemption of corporate income tax for up to 15 years Exemption of import duties: on machinery raw or essential materials imported for use…

Extension of Capital Expenditure Corporate Tax Deduction

Under the Royal Decree No. 604 of 2016 (B.E. 2559), tax benefits were given to companies or partnership’s expenses of domestic investment. On 24th January 2017, the cabinet approved a one year extension of this tax measure, that is for the period from 1st January 2017 until 21st December 2017. It should be noted that…

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