Global Trade Alert
Global Trade Alert

Thailand: BoI exempted import duties on machinery and CIT for smart and sustainable industry

Announcement

08 Dec 2022

In December 2022, the Board of Investment of Thailand (BoI) exempted import duties on machinery and corporate income tax (CIT) for investment in smart and sustainable industries to stimulate the development of Thai industries towards Industry 4.0.

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

3 in force

Implementation date

03 Jan 2023

Revocation date:

No revocation date

Import tariff In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.15/2565, exempting import duties on machinery used for investments in smart and sustainable industries. According t...

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Implementation date

03 Jan 2023

Revocation date:

No revocation date

Tax or social insurance relief In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.15/2565, granting a tax concession to smart and sustainable industries in the form of import duties exemption. Acco...

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Tax or social insurance relief In force

On 8 December 2022, the Board of Investment of Thailand (BoI) issued Announcement No.15/2565 granting corporate income tax reductions for investments in the software, information system, and cloud or ...

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