BOI revamps investment promotion measures in SEZs

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February 11, 2021
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BOI revamps investment promotion measures in SEZs

covering

• SEZs in 10 provinces: Chiang Rai, Kanchanaburi, Mukdahan, Nakhon Phanom, Narathiwas, Nong Khai, Tak, Trad, Sa Kaeo, and Songkhla

• 14 targeted businesses: Agriculture/Fishery, Ceramics, Pharmaceutics, Electrical Appliances/Electronics, Plastic, Automobile/Machinery/Parts, Logistics, Industrial Estate/Industrial Zone, Medical Devices, Tourism, Furniture, Jewelry/Ornaments, Textile/Clothing/Leather, and others

• More than 300 activities eligible for BOI Promotion

• For SME projects, the minimum investment of each project is 500,000 baht and domestic used machinery with a value not exceeding 10 million baht is allowed to be utilised in the project

Promoted projects will enjoy incentives such as

• Corporate income tax (CIT) exemption for up to 8 years and 50% CIT deduction for 5 years

• Exemption of import duty on machinery

• Exemption of import duty on raw materials used in production for export

Qualified projects must submit applications within the last working day of 2022.

**The measure is yet to be announced, we will keep you updated on the announcement**