The Thai Board of Investment (BOI) provides various financial promotions and benefits to Thai and foreign companies under its BOI promotion scheme. Businesses eligible for BOI promotion receive incentives depending on the type of economic activity and merits of those activities to the Kingdom of Thailand. TISO Promotion The BOI classifies its promotion categories into […]
The Director-General’s Notification on Stamp Duty Tax (No.63) was recently gazetted on 5 October 2021. The Notification identifies additional instruments which have their contents prepared in electronic format and fall under the law governing Stamp Duty Tax for e-Instruments. This Notification is effective for e-Instruments executed from 6 October 2021 onwards. Previously, the Notification of […]
The Thai Credit Guarantee (TCG) Corporation plays a significant role in the funding of small to medium sized enterprises (SMEs), and has had particular impact during the pandemic. The TCG operates with an aim to: ✓ assist small enterprises in obtaining a greater amount of credit from financial institutions; ✓ strengthen the confidence of financial […]
Introduction The BCG economic model was conceptualized in Thailand to form a part of the Thailand 4.0 policy as a way to expedite economic and social development. The model integrates bioeconomy, circular economy and green economy and is rooted in Thailand’s strengths in agriculture and its natural resources, diversity and geography. The model aims to […]
New BOI Incentives established in 2021 As a result of the pandemic, the Thailand Board of Investment (BOI) offered a range of investment promotion opportunities for struggling companies that had activities within certain sectors. From January to June 2021, the BOI recorded 801 projects, an increase of 14% compared to last year in the same […]
At a Cabinet meeting on Tuesday 28 September 2021, the Thai Cabinet approved new borrowing of THB 1.34 trillion for the 2022 fiscal year, starting this coming October. The borrowing is in accordance with the government’s wider public debt management plan which includes management of a debt of THB 1.5 trillion and finance of a […]