Tuesday, January 21, 2020

Value of projects seeking tax privileges exceeds BOI target

Jan 14. 2020
BOI secretary-general Duangjai Asawachintachit
BOI secretary-general Duangjai Asawachintachit
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By THE NATION

The value of the projects applying for tax privileges at the Board of Investment (BOI) last year reached Bt756.1 billion, exceeding the Board's target of Bt750 billion.

The BOI reported the figures to Deputy Prime Minister Somkid Jatusripitak on Monday (January 13).

The number of applications last year was 1,624, of which 506 were for Eastern Economic Corridor investment amounting to Bt457.9 billion.

BOI secretary-general Duangjai Asawachintachit said the investment trend in Thailand this year showed good signs after the Board revised several rules and conditions, adding more incentives and benefits in order to accelerate investments.

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