Investment Promotion Card (BOI)
Providing advice on requesting special tax privileges (BOI) for all types of businesses. To exempt from taxes, especially "software businesses" are businesses that BOI gives special importance to. By adding special tax benefits to promote and support software businesses. Provide corporate income tax exemption for 8 years and do not specify the amount of corporate income tax exemption (according to the conditions of the project).
” Businesses that will receive investment promotion Must be an important and beneficial business in the economic, social and security aspects of the country. Production business for export Businesses that use capital, labor or services at a high rate or businesses that use agricultural products or natural resources as raw materials and that business does not yet exist in the Kingdom Or there is just not enough or has a process that is not up to date
Investment promotion policy
To relieve the government's fiscal burden and to be consistent with the current economic situation and future trends The Investment Promotion Board has therefore established investment promotion policies as follows:
1. Increase efficiency and value in the use of tax rights and benefits. By giving rights and benefits to projects that have real benefits to the economy. Use the principles of good administration and organization (Good Governance) in granting rights and benefits regarding taxes by specifying those who receive promotion. Must report the performance of the promoted project. for the office to inspect Before exercising corporate income tax rights and benefits in that year
2. Support industry to develop quality systems and production standards to compete in the world market By specifying that every promoted person has an investment project of 10 million baht or more. (Excluding cost of land or working capital) Must proceed to obtain a quality system certificate according to ISO 9000 or other equivalent international standards.
3. Adjust investment promotion measures to be consistent with trade agreements. and international investment by canceling export conditions and using domestic parts.
4. Special support for investment in the region or low-income localities and there are few things conducive to investment By providing the highest tax rights and benefits.
5. Give importance to the promotion of small and medium sized industries by setting minimum investment conditions for promoted projects at only 500,000 baht (excluding cost of land and working capital) for businesses according to the announcement of the committee No. 1/2010 and Not less than 1 million baht (excluding cost of land and working capital) for other businesses
6. Give importance to agricultural business and agricultural products. Businesses related to the development of technology and human resources Utilities Basic public utilities and services Environmental protection and conservation activities and target industries
List of business types that receive investment promotion
Section 1 Agriculture and agricultural products
Section 2: Mining, Ceramics and Basic Metals
Category 3 Light Industry
Category 4 Metal Products, Machinery and Transportation Equipment
Category 5 Electronics and Electrical Appliances Industry
Section 6 Chemicals, Paper and Plastics
Section 7 Service and Public Utilities Business
Benefits
Tax benefits
• Exemption/reduction of import duties on machinery (Section 28/29)
• Reduction of import duties on raw or essential materials (Section 30).
• Exemption from corporate income tax and dividends (Sections 31 and 34).
• Reduce corporate income tax by 50 percent (Section 35 (1) )
• Deduct transportation costs, electricity costs, and water costs twice (Section 35 (2) ).
• Allow an additional 25 percent deduction for installation or construction of facilities (Section 35 (3) ).
• Exemption of import duties on raw materials or materials necessary for production for export (Section 36).
Benefits not related to taxes
• Allow foreigners to be brought in to study investment opportunities (Section 24).
• Allowed to bring skilled workers. and experts coming to work in businesses that receive investment promotion (Sections 25 and 26)
• Permission to own land (Section 27)• Permit to export foreign currency (Section 37)
guarantee
• The state will not transfer the business of the promoted person to the state (Section 43).
• The state will not create new businesses to compete (Section 44).
• The state will not monopolize the sale of the same product as the person being promoted (Section 45).
• The state will not control the price of products of those receiving promotion (Section 46).
• The government will always allow export (Section 47).
• The government will not allow government agencies government organization or state enterprise Bringing in products of the same type as those being promoted is exempt from import duties (Section 48)
Protection (considered as appropriate)
• Charging a special import fee for importing the same product that can be produced domestically. but not more than 50 percent of the total price of insurance and transportation costs, applicable not more than 1 year at a time (Section 49)
• In the event that Section 49 is considered insufficient for providing protection. May add measures Prohibiting the importation of products of the same type as those produced domestically (Article 50)
• The Chairman of the Board has the authority to order assistance. If the promoted person encounters problems or obstacles in operating the business (Section 51)
• The Chairman of the Board has the authority to order corrections in cases where the rate structure or methods for collecting taxes Service charge or fee It is an obstacle to the business of those receiving investment promotion (Section 52).
Scope of service work
• Requesting approval of the raw material list.
• Requesting approval of the machinery list.
• Requesting approval of production formulas.
• Request to import raw materials.
• Request to import machinery
• Request to import machinery in retrospect.
• Requesting the return of raw materials.
• Requesting return or repair of machinery.
• Requesting approval to write off raw materials accounts.
• Requesting approval to write off machinery accounts.
• Requesting the sale of raw materials within the country.
• Requesting approval regarding loss (Scrap).
Providing advice on requesting special tax privileges (BOI) for all types of businesses. To exempt from taxes, especially "software businesses" are businesses that BOI gives special importance to. By adding special tax benefits to promote and support software businesses. Provide corporate income tax exemption for 8 years and do not specify the amount of corporate income tax exemption (according to the conditions of the project).
” Businesses that will receive investment promotion Must be an important and beneficial business in the economic, social and security aspects of the country. Production business for export Businesses that use capital, labor or services at a high rate or businesses that use agricultural products or natural resources as raw materials and that business does not yet exist in the Kingdom Or there is just not enough or has a process that is not up to date
Investment promotion policy
To relieve the government's fiscal burden and to be consistent with the current economic situation and future trends The Investment Promotion Board has therefore established investment promotion policies as follows:
1. Increase efficiency and value in the use of tax rights and benefits. By giving rights and benefits to projects that have real benefits to the economy. Use the principles of good administration and organization (Good Governance) in granting rights and benefits regarding taxes by specifying those who receive promotion. Must report the performance of the promoted project. for the office to inspect Before exercising corporate income tax rights and benefits in that year
2. Support industry to develop quality systems and production standards to compete in the world market By specifying that every promoted person has an investment project of 10 million baht or more. (Excluding cost of land or working capital) Must proceed to obtain a quality system certificate according to ISO 9000 or other equivalent international standards.
3. Adjust investment promotion measures to be consistent with trade agreements. and international investment by canceling export conditions and using domestic parts.
4. Special support for investment in the region or low-income localities and there are few things conducive to investment By providing the highest tax rights and benefits.
5. Give importance to the promotion of small and medium sized industries by setting minimum investment conditions for promoted projects at only 500,000 baht (excluding cost of land and working capital) for businesses according to the announcement of the committee No. 1/2010 and Not less than 1 million baht (excluding cost of land and working capital) for other businesses
6. Give importance to agricultural business and agricultural products. Businesses related to the development of technology and human resources Utilities Basic public utilities and services Environmental protection and conservation activities and target industries
List of business types that receive investment promotion
Section 1 Agriculture and agricultural products
Section 2: Mining, Ceramics and Basic Metals
Category 3 Light Industry
Category 4 Metal Products, Machinery and Transportation Equipment
Category 5 Electronics and Electrical Appliances Industry
Section 6 Chemicals, Paper and Plastics
Section 7 Service and Public Utilities Business
Benefits
Tax benefits
• Exemption/reduction of import duties on machinery (Section 28/29)
• Reduction of import duties on raw or essential materials (Section 30).
• Exemption from corporate income tax and dividends (Sections 31 and 34).
• Reduce corporate income tax by 50 percent (Section 35 (1) )
• Deduct transportation costs, electricity costs, and water costs twice (Section 35 (2) ).
• Allow an additional 25 percent deduction for installation or construction of facilities (Section 35 (3) ).
• Exemption of import duties on raw materials or materials necessary for production for export (Section 36).
Benefits not related to taxes
• Allow foreigners to be brought in to study investment opportunities (Section 24).
• Allowed to bring skilled workers. and experts coming to work in businesses that receive investment promotion (Sections 25 and 26)
• Permission to own land (Section 27)• Permit to export foreign currency (Section 37)
guarantee
• The state will not transfer the business of the promoted person to the state (Section 43).
• The state will not create new businesses to compete (Section 44).
• The state will not monopolize the sale of the same product as the person being promoted (Section 45).
• The state will not control the price of products of those receiving promotion (Section 46).
• The government will always allow export (Section 47).
• The government will not allow government agencies government organization or state enterprise Bringing in products of the same type as those being promoted is exempt from import duties (Section 48)
Protection (considered as appropriate)
• Charging a special import fee for importing the same product that can be produced domestically. but not more than 50 percent of the total price of insurance and transportation costs, applicable not more than 1 year at a time (Section 49)
• In the event that Section 49 is considered insufficient for providing protection. May add measures Prohibiting the importation of products of the same type as those produced domestically (Article 50)
• The Chairman of the Board has the authority to order assistance. If the promoted person encounters problems or obstacles in operating the business (Section 51)
• The Chairman of the Board has the authority to order corrections in cases where the rate structure or methods for collecting taxes Service charge or fee It is an obstacle to the business of those receiving investment promotion (Section 52).
Scope of service work
• Requesting approval of the raw material list.
• Requesting approval of the machinery list.
• Requesting approval of production formulas.
• Request to import raw materials.
• Request to import machinery
• Request to import machinery in retrospect.
• Requesting the return of raw materials.
• Requesting return or repair of machinery.
• Requesting approval to write off raw materials accounts.
• Requesting approval to write off machinery accounts.
• Requesting the sale of raw materials within the country.
• Requesting approval regarding loss (Scrap).
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