BOI revamps Electric Vehicle Businesses

BOI revamps Electric Vehicle Businesses

as follows:

. Electric Vehicle Manufacture (BEV, PHEV, and HEV)

*Must at least manufacture the BEV*

• Not less than 5-billion-baht investment capital

- BEV: promoted activities will enjoy an 8-year corporate income tax (CIT) exemption, or a maximum of an 11-year CIT exemption in case of R&D investment.

- PHEV: promoted activities will enjoy a 3-year CIT exemption.

- HEV: promoted activities will not receive any tax privileges.

• Less than 5-billion-baht investment capital

- BEV: promoted activities will enjoy a 3-year CIT exemption, or a maximum of an 11-year CIT exemption if projects meet the set requirements.

- PHEV: promoted activities will enjoy a 3-year CIT exemption.

- HEV: promoted activities will not receive any tax privileges.

2. Battery Electric Motorcycle Manufacture 

Promoted activities will enjoy a 3-year CIT exemption, or a maximum of an 11-year CIT exemption if projects meet the set requirements.

3. Battery Electric Three-wheeler Manufacture

Promoted activities will enjoy a 3-year CIT exemption, or a maximum of a 10-year CIT exemption if projects meet the set requirements.

4. Battery Electric Bus and Truck Manufacture

Promoted activities will enjoy a 3-year CIT exemption, or a maximum of a 10-year CIT exemption if projects meet the set requirements.

BOI also adds four more types of EV Parts and Equipment to the list of Major Parts, namely High Voltage Harness, Reduction Gear, Battery Cooling System and Regenerative Braking System.

5. Revision of Ship Building or Repair Activities

Electric-powered ship production projects, for vessels with less than 500 gross tonnage, will be eligible for an 8-year CIT exemption.

For more details, please go to https://www.boi.go.th/upload/content/3_2564_600501f3ceba5.pdf

**Available in Thai only**

.....................................................................................................

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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