Business & Investment

Thailand BOI’s new measures to boost investment after Covid-19

Thai Commission investment (BOI) approved a series of measures on Monday to accelerate and encourage investment, especially in target industries. business Adopt digital technology.

“Packages for facilitating large projects were designed to boost investment BOI Secretary-General Duangjai Asawachintachit said after the board chaired by Prime Minister Prayut Chan-Ocha.

“For digital technology adoption measures, we complement the ongoing set of productivity measures we are taking to promote efficiency and productivity gains. Company Ready to grab business Opportunities arising from future economic recovery. “

BOI Executive Director Duangjai Asawachintachit,

Promotional certificate for investment of at least 1 billion baht

Projects that have invested at least THB 1 billion (US $ 33 million) within 12 months of issuing the promotion certificate under measures to accelerate investment in the target industry will be eligible for an additional 50%. I will. Company Duangjai describes a five-year income tax (CIT) deduction in addition to the standard five- to eight-year CIT exemption.

Eligible projects are required to submit an application from January 4, 2021 to the last business day of 2021.

By the end of 2022, existing companies of all sizes applying for investment under digital technology adoption programs in systems and activities such as software integration, artificial intelligence (AI), machine learning, and big data analytics will be approved. , 50 will be awarded. % Company 3-year income tax deduction for existing businesses.

“We hope that this incentive scheme will accelerate the adoption of digital technologies, including cloud computing,” said Duangjai. BOI has approved an extension of the application period for previously implemented SEZ special incentive schemes to the end of 2022 to further promote investment in Thailand’s 10 special economic zones (SEZs), all in border areas. did. A few years.

Extension of 8-year tax exemption program

BOI also approved a two-year extension of the application period for projects in the dedicated districts of the five southernmost states of the country until the end of 2022.

These regions are given special tax incentives, such as an eight-year tax exemption period followed by a five-year 50% tax cut, and this extension of the application deadline will continue to these regions. Helps you to support your investment.

BOI has also given the Genomics Thailand project at the University of Brafa in the East-West Economic Corridor (EEC) the same status as EECi, EECd, EECa and EECmd, which are specific to specific target industries. Invests in these areas are entitled to additional tax incentives from the Investment Commission.

For more information, please contact:
Thai Board of Investment
phone. +66 (0) 2553 8111
Website: www.boi.go.th
YouTube: Think Asia and Invest in Thailand

Thailand BOI’s new measures to boost investment after Covid-19

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