Ms. Duangjai Asawachintachit, BOI’s Secretary Common, mentioned after a board assembly chaired by Prime Minister Gen. Prayut Chan-o-cha that the assembly had authorized the revised incentives for funding within the Jap Financial Hall (“EEC”) which incorporates the next key options:
- Actions eligible for extra incentives cowl all classes entitled to no less than 5-year tax holidays, besides those who don’t have any particular location (corresponding to air transport companies and maritime transport companies, and many others.) or these required to be positioned in areas outdoors the three EEC provinces, corresponding to particular financial zones (SEZ), and the 20 provinces with low capita earnings.
- Other than a regular tax package deal, further tax incentives (three years of 50% discount of company earnings tax or 2 yr tax holidays) might be granted to investments tasks within the focused actions positioned within the EEC that are engaged in human useful resource improvement packages corresponding to co-operative teaching programs, work-integrated studying and twin teaching programs. Furthermore, further company earnings tax advantages (2 years of 50% discount of company earnings tax or 1 yr of 100% exemption) are additionally granted to investments positioned in EECi, EECd, EECa and EECmd in addition to industrial estates and promoted industrial parks.
To be eligible for the above incentives, functions have to be submitted to BOI from 2 January 2020 to the final working day of 2021. Nevertheless, tasks positioned within the 4 promoted zones for particular industries (EECi, EECd, EECa and EEDmd) are eligible for the incentives with out utility deadline.
BOI to think about new complete incentive packages for SMEs
The Board additionally assigned the BOI to work with different public companies and personal sector representatives within the preparation of complete incentive packages to advertise funding by small and medium-sized enterprises (SMEs). The brand new packages will intention to enhance and combine assist to the agricultural, tourism, and repair sectors.
Within the meantime, the assembly agreed to increase the validity of the prevailing SMEs promotion measures to the top of February 2020.
For extra info, please contact:
Thailand Board of Funding
Tel. +66 (zero) 2553 8111
Web site: www.boi.go.th
SOURCE Thailand Board of Funding (BOI)