Global Trade Alert
Global Trade Alert

Thailand: BoI exempted import duties on machinery and CIT for investments in local SMEs

Announcement

08 Dec 2022

In December 2022, the Board of Investment of Thailand (BoI) issued exempted import duties on machinery and corporate tax income (CIT) for investments in local SMEs to strengthen their business capacity.

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

03 Jan 2023

Revocation date:

No revocation date

Updated: 08 Dec 2022
Tax or social insurance relief In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.16/2565, providing a corporate income tax (CIT) exemption for local SMEs with a Thai nationality holding shares ...

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Updated: 08 Dec 2022
Tax or social insurance relief In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.16/2565, granting a tax concession to local SMEs in the form of import duties exemption. This action only applie...

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Implementation date

03 Jan 2023

Revocation date:

No revocation date

Updated: 08 Dec 2022
Import tariff In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.16/2565, exempting import duties on machinery for investments in local SMEs. 

According to the regulatio...

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