BOI approves broad incentives for technology-related investments
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The Board of Investment Wednesday gave the green light for technology-based incentives to push for the “Thailand 4.0” vision and drive 10 targeted industries, while approving four projects worth Bt25.3 billion.
Secretary-general Hiranya Sujinai said after the BOI meeting chaired by Prime Minister Prayut Chan-o-cha that the first of three measures under the incentives involved core technologies.
The special investment privileges will be bestowed on core technologies showing potential on condition that they transfer technology to local educational institutions or research institutes.
The privileges aim to be extended to two categories – targeted core technologies and enabling services.
Under the special conditions for the enterprises in both categories, corporate income tax will be waived for 10 years, while additional privileges according to project value can be requested for one to three years for a maximum of 13 years.
