Under the supervision of Board of Investment (BOI), the investment regulatory agency of Thailand, company who qualifies will entitle to privileges that help waive major taxes, such as corporate income tax and value-added tax, over a period of 5 or 8 year, depending on type of license granted. With such support, setting up production facilities in GEMOPOLIS will receive the maximum tax privileges as follows:
- Exempt from corporate income tax for at least 5 or 8 years*
- Exempt from import duties and VAT on imports of raw materials
- Exempt from import duties on imports of machineries
- Exempt from income tax on dividend incomes received for at least 5 or 8 years*
- Exempt from VAT for sales within GEMOPOLIS
- Exempt from VAT for sales to all BOI promoted and bonded warehouse zone
- 100% own land and property within GEMOPOLIS under foreign entity
- Bring in foreign expatriates and skilled labors to work in the kingdom
* The range of time receiving privileges depends in investment decision:
- To relocate production facility into GEMOPOLIS - privileges received 8 years
- To setup new production facility in GEMOPOLIS - privileges received 5 years
- To expand production activities - privileges received 5 years only on the expansion phases
To learn more about BOI granted privileges, click here...