In short
Brand-new statements
More to our previous upgrade on “The BOI’s brand-new 5-year financial investment promo approach,” the Thailand Board of Financial Investment (BOI) has actually provided brand-new statements to react to brand-new companies and also future financial investment fads and also to draw in financiers to purchase Thailand. The BOI intends to improve innovation, competition, and also inclusivity in addition to lasting growth of Thailand’s economic situation based on the existing National Economic and also Social Advancement Strategy and also the nation’s growth plans.
The brand-new statements are:
- News of the Board of Financial Investment No. 8/2565 Plans and also Requirements for Financial Investment Promo
- News of the Board of Financial investment No. 9/2565 re. Procedures to Advertise Financial Investment in Industries that are essential to the Nation’s Advancement
The statements laid out the BOI’s plans and also essential requirements for financial investment promo and also the upgraded checklist of tasks that are qualified for financial investment promo. This checklist rescinds and also changes previous listings which have actually been provided by the BOI every so often considering that the primary news provided in 2014. 1
Application
The statements put on all financial investment promo applications sent to the BOI from 3 January 2023. Existing jobs, such as those that have actually currently made an application for and/or gotten a financial investment promo from the BOI, can likewise ask for to be controlled under the brand-new statements as long as they have actually not yet worked out tax obligation advantages. The demand has to be sent to the BOI by 30 June 2023.
Changes to existing tasks
For instance:
- International Company Facility (IBC)
The BOI currently advertises companies to give a lease of workplace or manufacturing facility structure area to linked ventures This suggests that majority-foreign had business that desire to give a lease to their linked ventures can likewise discover the BOI choice along with the international organization permit choice which has actually been typically made use of in the past.
- Profession and also Financial Investment Assistance Workplace (TISO)
As you might realize, the BOI advertises different kinds of companies under the TISO group consisting of (i) organization advising solution and also (ii) tasks connecting to equipment, engines, devices and also tools, consisting of importing for wholesale, training solutions, repair work, installment and also upkeep, and also calibration.
For both tasks discussed over, the BOI has actually made small changes for clearness and also to show their plan and also analysis. It is currently plainly mentioned that:
- Business advising solution is not qualified for audit, lawful, marketing, civil and also building design companies.
- The tasks connecting to equipment, engines, devices and also tools are just qualified for those produced by the candidate’s associated and also team business or where the candidate has actually been formally accredited as the representative by the supplier.
Re-grouping of advantages and also rewards
The BOI relabelled the formerly “innovation and also Innovation Advancement” rewards as A1+, which gives an exception of company revenue tax obligation for approximately 13 years. The B1 and also B2 reward teams were likewise organized with each other right into B. A recap of the standard rewards is likewise offered listed below for your referral. Presently, business tasks that are qualified for A1+ rewards are:
- Biotechnology growth
- Manufacture of wafer
- Advanced products innovation growth
- Nanotechnology growth
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1 News of the Board of Financial Investment No. 2/2557 Re: Plans and also Requirements for Financial Investment Promo.