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
Type B – If Tax Holiday not Capped
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.