The BOI has added ‘The modification of software, digital platforms, or digital content’ to the targeted type of business. As a condition, the companies are required to invest a minimum of THB 1.5 million Baht in Thai IT personnel, etc. to be eligible for promotion.
The Board of Investment of Thailand (BOI) has announced additional tax and non-tax incentives to investments in new manufacturing projects and existing manufacturing projects for applicants who also plan to establish a regional headquarters and/or an R&D center in Thailand. Additional incentives are….
There are environment-related mechanisms, policies and regulations that have been introduced in countries around the world, some of which are already in effect, while others are still draft regulations under consideration. The Carbon Border Adjustment Mechanism (CBAM) is already in effect, ….
The Climate Change Bill has gone through a public hearing and will be considered by the cabinet for approval in principle this June. The Climate Change Bill will help accelerate Thailand’s climate mitigation and adaptation efforts to fulfill Thailand’s nationally determined contribution under the Paris Agreement.
The Ministerial Regulation Prescribing the Excise Tariff Rate was published in December 2023 to extend the temporary reduction of excise tax for eco-cars with 1,300 cc for gasoline engines and 1,400 cc for diesel engines (eco-cars).
The automotive industry is one of the focus industries promoted by the Thailand Board of Investment (BOI), and ranked among the top three industries with the highest number of approved projects that attracted approximately THB 42,200 million in investment to Thailand in 2023. In recent years, the BOI has introduced measures to attract….
On February 7, 2024, the Board of Investment of Thailand (BOI) announced new investment measures to attract more investment. These measures support not only new investors, but also existing investors as well as to encourage those manufacturing projects that strengthen regional headquarters business operations in Thailand.
Thailand’s Personal Data Protection Committee (PDPC) promulgated the following two new notifications regarding cross-border data transfers…
The Ministry of Finance extended the customs duty incentives for completely built-up battery electric vehicles (BEVs), with a suggested retail price that not exceeding THB 2 million, imported into Thailand from 1 January 2024 to 31 December 2025.
The Customs Department has launched the Thai Customs IPR Recordation System (TCIRs). This new system for Customs recordation of trademarks and copyrights is a platform that allows trademark or copyright owners to record their rights with the Customs Department, so that…