BOI upgrades incentive package for smart industrial estates/zones

BOI upgrades incentive package for smart industrial estates/zones

The Thailand Board of Investment (BOI) has improved its investment promotions for smart industrial estates/zones and announced a new incentives package for upgrading existing industrial estates/zones.

To apply for promotional privileges or to upgrade conventional facilities to smart industrial estates/zones, the projects must provide smart system services to customers in five key areas: Smart Facilities, Smart IT, Smart Energy, Smart Economy, and at least one of the three other smart system services, Smart Good Corporate Governance, Smart Living, and Smart Workforce.

The BOI is also promoting the development of smart systems for use in industrial estates and zones. Approved projects will be granted an 8-year corporate income tax exemption. Those located in the Eastern Economic Corridor (EEC) area will also enjoy a 50% corporate income tax reduction for an additional period of 5 years.

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