BOI revamps policy to promote digital businesses
published : 25 Aug 2021 at 14:10
The Thailand Board of Investment (BOI) has revealed its commitment to digitilisation by announcing a new focus on the development of Thai IT personnel and upgrading business infrastructures to meet global standards.
The BOI plans to reorganise its digital-related activities under a single concept as “Development of Software, Digital Services Platform or Digital Content”. Promoted projects will enjoy an eight-year Corporate Income Tax Exemption.
The following conditions apply
- Proposed projects must have salary expenses for Thai IT personnel of at least 1.5 million baht per year.
- Proposed projects must have substantial operations for development of software, digital services platform or digital content in Thailand.
- Proposed projects are permitted to utlilise used machines.
For more information, please contact Thailand Board of Investment on +66 (0) 2553 8111 or visit www.boi.go.th