BOI revamps policy to promote digital businesses

BOI revamps policy to promote digital businesses

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




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