Tax Relief Measures for BOI Companies Announced
The Board of Investment (‘BOI’) has announced tax relief measures for factories affected by the floods whose investment privileges have not yet expired.
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.
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