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BOI’S INVESTMENT PROMOTION MEASURES IN SOUTHERN BORDER AREAS

BOI’S INVESTMENT PROMOTION MEASURES IN SOUTHERN BORDER AREAS

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BOI’S INVESTMENT PROMOTION MEASURES IN SOUTHERN BORDER AREAS

1. Investment Promotion Measures in Southern Border Provinces covering 5 provinces: Narathiwat; Pattani; Yala; Satun; Songkhla in the districts of Jana, Natawee, Saba Yoi and Taypa.

2. Investment Promotion Measures in model cities in Southern Border Provinces covering 4 areas: Jana District, Songkhla; Nong Jik District, Pattani; Betong District, Yala; Su-ngai Kolok District, Narathiwat.

 

Significant conditions for the measures:
Existing projects located in the southern border areas or in other areas are all eligible for the promotion.

• must be existing, either BOI or non-BOI promoted projects.

• must realise investment of not less than 500,000 baht considering cost of buildings and machinery.

• must be BOI-eligible activities for promotion at present.

 

New projects

• must realise investment of not less than 500,000 baht.

• utilization of used machinery worth not over 10 million baht is allowed, and investment in new machinery must be not less than ¼ of the used machinery value.

• must be BOI-eligible activities for promotion at present.

 

Investment Promotion Measures in Southern Border Provinces

• Existing promoted projects will enjoy a 3-year corporate income tax (CIT) exemption.

• Newly promoted projects will enjoy an 8-year CIT exemption with a 5-year CIT deduction of 50%.

 

Investment Promotion Measures in model cities in Southern Border Provinces

• Existing promoted projects will enjoy a 5-year CIT exemption.

• Newly promoted projects will enjoy an 8-year CIT exemption with a 5-year CIT deduction of 50%.

 

Qualified projects must submit their application within the last working day of 2022.

For more details, please go to:

Investment Promotion Measures in Southern Border Provinces

https://www.boi.go.th/upload/content/18_2564_608fb223a3ea3.pdf

Investment Promotion Measures in model cities in Southern Border Provinces

https://www.boi.go.th/upload/content/19_2564_608fb2d5d45f0.pdf

**Available in Thai only**

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For more information, please contact:  Interloop Solutions & Consultancy 

Tel.  +66(0) 97-106-9113

Line ID: @inlps

Website: InterLoop

Source: Bangkok Post
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