Legal amendment to help BOI draw in more foreign talent
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AS PART of the drive towards the “Thailand 4.0” era, the Board of Investment Wednesday agreed to an amendment to the BOI law to allow the investment-promotion agency to grant personal-income-tax exemptions to foreign researchers and experts.
Secretary-general Hiranya Sujinai said that to promote human-capital development to facilitate the next stage of economic development, the BOI agreed that it should go beyond extending corporate-tax privileges to granting personal-income-tax exemptions as well.
She said the amendment would enable the BOI, on a case-by-case basis, to attract “truly world-class researchers and experts”.
The draft law is currently under consideration by the Council of State.
