The Measure for Industrial Upgrades aims to support and encourage both existing and new investors applying for promotion of Group B activities (which are not eligible for corporate income tax (CIT) exemption) to invest in efficiency enhancement or operational upgrades in the manufacturing and service sectors, driving the transition toward a Smart and Sustainable industry.

Conditions

1. The minimum investment is 1 million baht, excluding the cost of land and working capital. For SME investment project, the minimum investment is 500,000 baht, excluding the cost of land and working capital.

2. Applicants qualified as SMEs must meet the following criteria:

1) At least 51% of the registered capital must be held by Thai nationals. In addition, more than half of the authorized directors must be Thai nationals.

2) The total annual revenue from all businesses, including both BOI and non-BOI promotion, must not exceed 500 million baht per year during the first three years from the date of revenue generation.

Incentives

1. Exemption of import duties on machinery.

2. A 3-year CIT exemption for existing projects, capped at 50% of the investment in efficiency improvement or business upgrading, excluding the cost of land and working capital.

However, if the project utilizes machinery linked to domestic automation industry for at least 30% of the total value of the machinery, automation system, or robotics used or upgraded in the project, a 3-year CIT exemption equal to 100% of the investment, excluding the cost of land and working capital, shall be granted.

3. The CIT exemption period shall commence on the date of revenue derivation after the issuance of promotion certificate. The projects must be fully implemented within 3 years from the date of promotion certificate issuance.

To apply for investment promotion for solar power generation system installation projects under the Efficiency Enhancement Measure for Alternative Energy Utilization.

Applicants are required to complete the application form for solar power system installation projects under the Efficiency Enhancement Measure for Alternative Energy Utilization (F-PA-PP-78 Form) and submit the required documents specified by the Office through the E-Submission system.

*Note: Applicants must complete the F-PA-PP-78 form in Excel format and submit it via the E-Submission system.

Click here to download the form

E-Submission system

Supporting documents:

Announcement of the Board of Investment No. 15/2565 Enhancement Measure for Smart and Sustainable Industry

Announcement of the Board of Investment No. Por1/2568 Guidelines and procedures for applying for investment promotion for solar power generation system installation projects under the renewable energy efficiency enhancement measure through the electronic system