BOI Implements Digital Technology Adoption in Productivity Improvement Measures

The BOI is encouraging manufacturing and services businesses to adopt digital technologies with the following significant conditions:

• Must be existing projects, either BOI or non-BOI promoted, activities of which must be eligible for CIT exemption.

• Investment of not less than 1 million baht (excluding cost of land and working capital).

• Must propose a digital technology adoption plan, with no requirement for investment in machinery or equipment, for example:

• Employing digital software or information technology in resource management.

• Implementing Artificial Intelligence (AI) and Machine Learning.

• Adopting Big Data Analytics.

• Employing digital software or information technology in accessing the National e-Payment System.

Promoted activities will enjoy a 3-year corporate income tax (CIT) exemption,…