Page 53 - Introduction to Investment Laws in Thailand

the Board, providing that the machinery must not be
produced or assembled within the Kingdom, having
quality comparable to the types made in other countries
and having sufficient quantity to be acquired for relevant
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usages.
- to grant exemption of juristic person income tax on the
net profit derived from the promoted activity as
prescribed by an announcement of the Board, of which
the proportion to the investment capital excluding the
cost of land and working capital shall be taken into
consideration by the Board, for not more than eight years
from the date income is first derived from such
63
activity
- to provide special fees for goodwill, copyright or other
rights from the promoted person according to the
64
contract approved by BOI
- to give tax exemption on dividends derived from a
65
promoted business activity.
- to encourage investment in specific locations or zones,
the Board may prescribe, by publication in the
Government Gazette, such locations or zones as
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Investment Promotion Zones.
2) Special regulation on Machinery, Raw and Essential
Materials of promoted industry and businesses
- to order the Department of Customs to release to the
applicant who has confirmed the acceptance of
67
promotion.
- to provide special treatment to the import of machinery
68
to promote businesses

62 Investment Promotion Act BE 2520(1977) section 28
63 Investment Promotion Act BE 2520(1977) section 32
64 Investment Promotion Act BE 2520(1977) section 33
65 Investment Promotion Act BE 2520(1977) section 34
66 Investment Promotion Act BE 2520(1977) section 35
67 Investment Promotion Act BE 2520(1977) section 38
68 Investment Promotion Act BE 2520(1977) section 39

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