BOI policy to provide incentives to businesses reducing greenhouse gas emissions

1. Promoting business activities related to energy conservation, using alternative energy, or reducing the impact on the environment

The applicant must submit an investment plan which includes one of the following activities:

• upgrading machinery to reduce energy consumption;
• upgrading machinery to use alternative energy; or
• upgrading machinery to reduce the impact on the environment, such as reducing waste, wastewater, or air pollution.

• An exemption from import duty on machinery
• A three-year exemption from corporate income tax on the revenue of an existing project, capped at 50 per cent of the investment capital (excluding the cost of land and working capital)

3. Manufacturing electric vehicles

Eligible activities include the manufacture of electric vehicles, electric tricycles, as well as parts and equipment for electric vehicles.

An exemption from corporate income tax for three to eleven years, depending on the activity