The Thailand Board of Investment (BOI) at a meeting today approved a number of policy measures, namely an extension of the investment acceleration package and EEC incentive package, special incentive package for Yothi Medical Innovation Zone and classification of AIT and TISTR as science and technology zones.
In order to further stimulate investment to fuel economic recovery, the Board approved a one-year extension of the existing incentives to accelerate investment in large-scale projects.
Apart from a standard 5-8 years corporate income tax (CIT) exemption, project applications filed by end-2022 will be eligible for an additional 50% CIT reduction for a period of 5 years, on the condition they realize investment of not less than 1 billion baht within 12 months of the investment certificate issuance, Ms Duangjai told reporters.
“We are seeing an improvement in the overall…
