BOI board, green light package, Thailand Plus – Prachachat

Miss Duangchai Asawachintachit The Secretary-General of the Board of Investment (BOI) said after the BOI board meeting with Prime Minister General Prayut Chan-ocha that the meeting approved investment measures, Thailand Plus Package provides additional benefits for the targeted businesses. Outside Bangkok Exemption of corporate tax of 5-8 years, 50% reduction of corporate income tax for 5 years, in the case of applying for investment promotion in 2020 and investing at least 1,000 million baht in 2021.

And issue measures on human resource development which are 1. Measure to support training that allows entrepreneurs to invest money Or expenses related to human resource development are included in the corporate income tax exemption limit. Not stipulating minimum expenses. 2 cases 1. In the case of training or internships to develop skills for science and technology students in bilateral ways. Cooperative education will receive a double benefit from the corporate income tax exemption of investment or training expenses. And 2. In the case of the operator organizing a training course or sending staff for training on the targeted technology course And has been certified by the Ministry of Higher Education, Science, Research and Innovation (TEC) or the EEC office for schools in the EEC area will receive the benefit of using expenses to double the corporate income tax exemption limit and must submit an application for Additional benefits in 2021 and before the end of corporate income tax exemption of the project

2. Measures to support the establishment of institutions to develop highly skilled personnel by the private sector, entrepreneurs (parent companies) operating businesses other than educational institutions and training institutions If investing in establishing an educational institution Or vocational training center To develop human resources in the field of STEM at a high level and approved by the Ministry of Energy. Will be exempt from corporate income tax for 5 years, a 100% limit of investment funds that will be used to set up an institution As for vocational training institutions Or educational institution established To be exempt from import duty on machinery Must submit an application for promotion in 2021 and the applicant must be in the category of BOI currently promoting

"Total investment promotion applications for the year 2019 is still at 750,000 million baht"

And approved 4 projects worth 28,270 million baht, namely the production of polycarbonate resin investment of 18,476 million baht, a joint venture between Thailand, Japan, Taiwan, data center investment of 4,450 million baht, a joint venture between Thai-Singapore Ajinomoto (Thailand) Production of monosodium glutamate with biotechnology, 2,750 million baht, joint venture with Thai-Japanese Manufacture of pressed metal powder parts New technology invested 2,594 million baht from China