The Board of Investment deems it appropriate to adjust criteria for activities eligible for promotion in order to respond to the current economic and investment situation.
By virtue of Section 16 paragraph 2 of the Investment
Promotion Act B.E. 2520, the Board of Investment hereby
announces that:
| 1. |
Announcement of the Board of Investment No. 2/2543 dated August 1, 2000 regarding types, sizes and conditions of activities eligible for promotion shall be revoked. |
| 2. |
Activities on the list attached to this announcement are eligible for investment promotion. |
| 3. |
A minimum level of investment capital (excluding cost of land and working capital) of one million baht shall be required for all types of activities eligible for promotion. |
| 4. |
Promoted projects must comply with the conditions specified for each type of activity. |
| 5. |
The rights and benefits provided for promoted projects shall be in accordance with Board of Investment Announcement No. 1/2543 regarding policies and criteria for investment
promotion, except that which is specified in the list of activities attached to this announcement. |
| 6. |
Projects designated as priority activities shall be entitled to the following privileges:
|
| 7. |
Activities classified as being of special importance and benefits to the country shall be granted the following tax incentives:
|
| 8. |
Activities in electronics and electrical appliance industry shall be granted the rights and benefits according to BOI Announcement No. 4/2549 dated March 20, 2006 regarding investment promotion policy for electronics and electrical appliances industry. |
| 9. |
The Board may announce the suspension of any activity on the investment promotion list attached to this announcement when it considers that promotion is no longer necessary. The Board may also add new activities to the list if it considers that such activities should be promoted. |
| 10. |
This announcement shall be applicable to applications submitted from September 14, 2009 onwards. |
| 11. |
For projects in any activity that have already submitted the application for promotion or have been promoted prior to September 14, 2009, if such projects have not yet used their tax privileges prior to September 14, 2009, they can apply to be administered under the new investment promotion list and follow the new conditions specified therein. Letter of intention must be submitted to the Office of the Board of Investment within December 30, 2009. |
| 12. |
All BOI announcements that refer to the Announcement of the Board of Investment No. 2/2543 dated August 1, 2000 regarding types, sizes and conditions of activities eligible for promotion shall be referred to this announcement instead. |
