On 21 December 2020, the Thai Board of Investment (BOI) approved measures to boost investment in target industries and accelerate the adoption of digital technologies. Large-scale projects Projects in target industries will be eligible for an additional 50% corporate income tax exemption for a period of 5 years, on top of the BOI’s standard 5-8 […]
On 4 November 2020, the Board of Investment (BOI) announced that it will reinstitute investment promotions for the development and production of electric vehicles, as well as approve new incentives for business activities related to clinical research and senior care. Clinical Research To enhance Thailand’s competitiveness in the medical and healthcare industry, the BOI approved […]
On 4 November 2020, the Thai Board of Investment (BOI) announced that it was reinstating the International Procurement Office (IPO) category in order to encourage trade and investment, as well as strengthen Thailand’s supply chains. IPOs were previously replaced by the International Trading Center (ITC) category, which was superseded in turn by International Business Centers […]
A Royal Decree (Issue No. 707) (“Decree”) announced in July 2020 grants SMEs who take out loans under the government’s low-interest credit measures an additional 50% corporate income tax deduction on interest expenses. On 30 December 2020, the Revenue Department clarified the conditions under which SMEs are entitled to the additional exemption, issuing the Notification […]
On 15 December 2020, the Thai Revenue Department announced further eight-day extensions for submitting tax returns and payments electronically. The previous extension scheme was set to expire on 31 January 2021, but is now prolonged until 31 January 2024. To be eligible for a grace period of eight-days after the normal deadline, tax returns must […]
The Thailand Public Private Partnership Act B.E. 2562 (2019) (“PPP Act”) came into force on 11 March 2019, governing PPP projects exceeding a value of THB 5 billion, as well as projects valued at less than THB 5 billion that meet prescribed criteria. Section 7 of the PPP Act itemizes 12 categories of infrastructure projects […]