BOI Implements Digital Technology Adoption in Productivity Improvement Measures

BOI Implements Digital Technology Adoption in Productivity Improvement Measures

The BOI is encouraging manufacturing and services businesses to adopt digital technologies with the following significant conditions:

• Must be existing projects, either BOI or non-BOI promoted, activities of which must be eligible for CIT exemption.

• Investment of not less than 1 million baht (excluding cost of land and working capital).

• Must propose a digital technology adoption plan, with no requirement for investment in machinery or equipment, for example:

• Employing digital software or information technology in resource management.

• Implementing Artificial Intelligence (AI) and Machine Learning.

• Adopting Big Data Analytics.

• Employing digital software or information technology in accessing the National e-Payment System.

Promoted activities will enjoy a 3-year corporate income tax (CIT) exemption, accounting for 50% of the investment in improving productivity.

Qualified projects must submit applications within the last working day of 2022.

**The measure is yet to be announced, we will keep you updated on the announcement**

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For more information, please contact: 

Thailand Board of Investment

Tel. +66 (0) 2553 8111

E-mail: head@boi.go.th

Website: www.boi.go.th

Youtube: Think Asia, Invest Thailand



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