LAW REVISION TARGETS HIGH-TECH INVESTORS
The fourth amendment of the Board of Investment (BOI)’s investment promotion law has taken effect, empowering the BoI to use new tax incentive tools to woo high-tech investment to Thailand. The move is also meant to improve the country’s overall competitiveness.
One of the new measures involves the BoI selectively offering a maximum of 13 years of corporate tax breaks to high-tech businesses, a change from the original maximum of eight years in the version set out in the first law.
While the amendment aims to woo new investment, not all high-tech businesses will be entitled to the maximum 13-year tax break.
The BoI will select those that it believes deserve to enjoy the benefit, said the agency’s secretary general Hirunya Suchinai.
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