Announcement
12 Dec 2023
In December 2023, the Board of Investment of Thailand (BOI) exempted import duties on machinery and corporate income tax (CIT) for investment in the automotive industry to enhance manufacturing efficiency and strengthen the industry's competitiveness.
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Number of interventions
3
2 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
09 Nov 2023
Revocation date:
No revocation date
Announced: 12 Dec 2023
Tax or social insurance relief
In force
On 12 December 2023, the Board of Investment of Thailand issued Announcement No. 2/2566, granting corporate income tax (CIT) exemptions to investments in automation and robotics. The CIT was reduced f...
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Announced: 12 Dec 2023
Tax or social insurance relief
In force
On 12 December 2023, the Board of Investment of Thailand issued Announcement No. 2/2566, granting a tax concession to investment in the automotive industry in the form of import duty exemptions on mac...
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Implementation date
09 Nov 2023
Revocation date:
No revocation date
Announced: 12 Dec 2023
Import tariff
In force
On 12 December 2023, the Board of Investment of Thailand issued Announcement No. 2/2566, establishing import duty exemptions on machines used in the automotive industry. To be eligible, companies need...
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