Launches new measures to promote technology-based activities

On 21 February 2017, the Board of Investment (BOI) approved technology-based incentives to enhance the country's technological competitiveness. Key incentives include: (1) Up to 13 years corporate income tax (CIT) exemption to "investment on targeted core technologies (e.g. biotechnology, nanotechnology)" and "Investment on enabling services (e.g. R&D, engineering design service)". (2) An exemption on duty on materials, such as prototype, plant or animal, used for R&D. (3) An adjustment of merit-based incentives. Specifically, investors investing in technology and workforce development will be eligible to include the investment value for purposes of CIT exemption from up to 100% to 200%, while projects investing in R&D are eligible to a maximum of 300%.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific
  • Services (Scientific research and development, Other professional, scientific and technical activities)

• Sources:

  • The Board of Investment, BOI launches new measures to promote Technology-based activities, http://www.boi.go.th/upload/content/2017-02-21_PR28-O19_BOI_launches_Tech-based_incentives_78609.pdf, 21 Feb 2017
  • The Hindu Business Line, Thailand to offer 13-year tax holiday to select hi-tech sectors, http://www.thehindubusinessline.com/news/world/thailand-to-offer-13year-tax-holiday-to-select-hitech-sectors/article9545274.ece, 15 Feb 2017