Activity Group A1(BOI A1 Incentives)
Basic Incentives for BOI A1 Incentives
- Exemption of corporate income tax for 8 years with no cap. (Corporate income tax exemption without a cap : This refers to a full exemption from corporate income tax on profits generated by the promoted project for a specified period, without any limit on the amount.)
- Exemption of import duties on machinery.
- Exemption of import duties on raw materials used in Research and Development (R&D).
- Exemption of import duties on raw materials used in production for export.
- Non-tax incentives : Permit to own land, Permit to bring into the Kingdom skilled workers and experts to work in investment promoted activities, Permit for foreign nationals to enter the Kingdom for the purpose of studying investment opportunities, Permit to take out or remit money abroad in foreign currencyAdditional rights and benefits.
Additional Incentives
- Additional Incentives for the Merit of Competitiveness Enhancement
Previously : Exemption of corporate income tax for 8 years with no cap. (from Basic Incentives)
Additional : Exemption of corporate income tax for 1-5 years with no cap.
Total : Exemption of corporate income tax for 9-13 years with no cap.
- Additional Incentives for Area-based Promotion
Previously : Exemption of corporate income tax for 8 years with no cap. (from Basic Incentives)
Additional : Exemption of corporate income tax for 0 year with no cap.
Total : Exemption of corporate income tax for 8 years with no cap.
- Additional Incentives for Decentralization
Previously : Exemption of corporate income tax for 8 years with no cap. (from Basic Incentives)
Additional : 50% Corporate income tax reduction for 5 years.
Total : Exemption of corporate income tax for 8 years with no cap and 50% Corporate income tax reduction for 5 years.
Double deductions from the costs of transportation, electricity and water supply for 10 years.
Additional 25% deduction of the cost of installation or construction of facilities.
Need More Details About BOI A1 Incentives?
Understanding whether your project qualifies for BOI A1 Incentives requires a careful review of the business activity, technology level, investment structure, machinery, research and development plan, and operational details. Although Activity Group A1 may provide highly attractive tax and non-tax privileges, the actual eligibility and conditions depend on the specific nature of each investment project.
Sky International Legal assists investors and companies with BOI eligibility assessment, application preparation, supporting documents, and post-approval compliance planning. Our team can help review whether your proposed activity may qualify under Activity Group A1 or whether another BOI activity category may be more suitable for your investment in Thailand.
For more information or a professional consultation regarding BOI A1 Incentives in Thailand, please contact us.