BoI approves more perks for 2021

BoI approves more perks for 2021

Board also extends measures for SEZs

The Board of Investment (BoI) yesterday approved additional measures including a 50% corporate tax deduction for five years for investment projects worth at least 1 billion baht to stimulate investment next year.

According to BoI secretary-general, Duangjai Asawachintachit, the 50% corporate tax deduction incentive aims to stimulate real investment.

She said the promotion will be valid from the first business day of 2021 to the year’s last business day.

The BoI usually offers the longest exemption from corporate income tax of eight years. The government offers firms in the Eastern Economic Corridor (EEC) a corporate income tax exemption of up to 13 years and a 50% tax reduction for up to five years.

According to Ms Duangjai, the board also…