Tax Relief Measures for BOI Companies Announced
Keywords: Tax Reliefs, BOI, Flood, Thailand, Machinery, Factory
A BOI promoted company with machinery and/or a factory building damaged by floods is eligible for the following tax incentives:
Type A – If Tax Holiday Capped at 100% of the Investment Amount
Privileges of existing project | Privileges for the new investment | |
Tax incentives | Amount of tax to be exempted | Tax incentives |
3-8 years tax holiday | 150% if investment located in the same province | 8 years tax holiday |
100% if relocates to another province | 8 years tax holiday |
Type B – If Tax Holiday not Capped
Privileges for the new investment | ||
Additional Tax holiday | Additional 50% reduction on corporate income tax after the tax holiday | |
Additional 3 years tax holiday, but not more than 8 years in total | Remaining tax holiday is 5 - 6 years | 2 years |
Remaining tax holiday is 6 – 7 years | 4 years | |
Remaining tax holiday is 7 - 8 years | 5 years |
The promoted companies entitled to the privileges under Type B can also receive the privileges under Type A, although not both incentive packages.
In addition to the above, any industrial estate investing in flood-prevention systems are eligible for an eight-year tax holiday capped at no more than 200% of the investment.