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    Smart City Fin

    Uploaded by

    syongwattananunth
    บรรยาย Smart City

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Smart City Fin

    Uploaded by

    syongwattananunth
    14 views11 pages
    บรรยาย Smart City

    Original Title

    20220323 Smart city Fin

    Copyright

    © © All Rights Reserved

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    บรรยาย Smart City

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views11 pages

    Smart City Fin

    Uploaded by

    syongwattananunth
    บรรยาย Smart City

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 11

    Thailand’s Government

    Investment Incentives
    for
    Smart City Development

    Sirapun Yongwattananunth
    Investment Promotion Officer
    Thailand Board of Investment 1
    Introduction To Thailand Board Of Investment
    Provides comprehensive information and advice on establishing
    operations in Thailand

    Coordinates between the foreign business community and other


    public agencies

    Provides Business Support Services for Investors

    Grants “Tax-based incentives” and “Non-Tax incentives

    2
    BOI Promotion Incentives
    Tax Incentives Non-Tax Incentives

    Corporate Income Tax Import Duty


    Land ownership No restriction on
    foreign currency
    Corporate income tax Exemption of import duties
    exemption up to 13 years on machinery Work permit & visa
    No local content
    facilitation requirements
    50% CIT reduction Exemption of import duties
    within 10 years on raw or essential
    materials imported for 100% foreign ownership No export requirements
    export

    Exemption of import duties


    on goods imported for R&D

    3
    Promoted Activities related to Smart City

    1 2
    Smart City Development Smart Equipment Manufacturing
    Smart System Service Providing Software/Platform Development

    4
    Promoted Activities related to Smart City

    1 2
    Smart City Development Smart Equipment Manufacturing
    Smart System Service Providing Software/Platform Development

    5
    Incentives and Requirements for Smart City Development
    Requirements Thai ownership > 51% Incentives
    Smart
    Environment

    8 years CIT exemption


    (with cap) on income from
    smart service

    ICT infrastructure Smart Environment Open data platform


    system plus at least
    one of 6 key systems
    For EEC,
    +50% CIT reduction for 5 years

    Import duty exemption


    on machinery
    Approval from
    relevant agencies or Other relevant incentives
    committees before Public hearing and KPIs in line with area- under BOI announcement
    applying for the local community specific development 2/2014
    incentives involvement plan
    6
    Incentives and Requirements for Smart System Service Providing
    Requirements Incentives

    8 years CIT exemption


    (with cap) on income
    from smart service

    For EEC,

    +50% CIT reduction for 5 years


    Eligible projects on
    Smart City System must Import duty exemption
    on machinery
    be part of a Smart City
    Provision of at least one Development project Other relevant incentives
    of the 7 key systems of approved by relevant under BOI announcement
    Smart City agencies or committees 2/2014

    7
    Promoted Activities related to Smart City

    1 2
    Smart City Development Smart Equipment Manufacturing
    Smart System Service Providing Software/Platform Development

    8
    Smart Equipment Manufacturing
    Requirements Incentives

    ≥ 0.5% 8 years CIT


    Import duty
    exemption on
    exemption
    machinery
    (with cap)

    ≥ 0.5% or ≥ 100 MB Import duty


    exemption on
    raw or essential
    materials
    5 years CIT imported for
    exemption export
    (with cap)
    Other relevant
    incentives under
    BOI
    announcement
    2/2014

    9
    Software/Platform Development
    Requirements Incentives

    Must have Additional Thai IT salary 8 years CIT exemption


    expense at least 1.5 million Baht per Year (with cap)
    ▪ Expense of Additional Thai IT Salary
    ▪ Expense of Obtaining CMMI/ ISO 29110
    Must have significant Development ▪ Expense of Additional Thai IT Salary ▪ Expense of Obtaining CMMI/ ISO 29110
    ▪ Expense of Training Thai
    in Thailand ▪ Expense of Training Thai

    Import duty Other relevant incentives


    exemption on under BOI announcement
    machinery 2/2014

    10
    11

    Thank you

    www.boi.go.th

    Thailand Board Of
    Investment Frankfurt Office:
    Paris Office:
    HQ: 555 Vibhavadi-Rangsit Ambassade Royale de Frankfurt Office Investment Section,
    Road., Thaïlande 8 Rue Greuze, Royal Thai Consulate-General
    Chatuchak, Bangkok 10900, 75116 Paris, France Liebfrauenberg26, 60313 Frankfurt am Main,
    Thailand Federal Republic of Germany
    + 33 1 56 90 26 00-01 +49 069 9291 230
    (+66) 2553 8111 + 33 1 56 90 26 02 +49 069 9291 2320
    (+66) 2553 8315 par@boi.go.th fra@boi.go.th
    head@boi.go.th

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