Level Up Your Business: The NEW & Enhanced BOI Privilege That Thai SMEs Can't Ignore!

 

The Game Changer for Thai SMEs

The business landscape is constantly evolving, and for small and medium-sized enterprises (SMEs) in Thailand, staying competitive means embracing efficiency and innovation. Recognizing this, the Board of Investment (BOI) Thailand has rolled out a major enhancement to its SME Promotion measures, making it the perfect time for Thai entrepreneurs to invest in their future.

Forget the old rules! The new package offers unprecedented tax benefits specifically designed to help SMEs upgrade machinery, embrace automation and digitalization, and meet international standards. This isn't just a tax break—it's a launchpad for global competitiveness.

What does this massive upgrade mean for your SME?

1. Maximum Financial Gain: You can now write off twice as much of your qualified investment against your taxes. Investing 5 million Baht in new, energy-saving machinery? The full 5 million Baht can now be exempted from your corporate income tax, up to 100% of the investment value.

2. Longer-Term Security: The extended 5-year period gives you more time to realize the financial benefits of your upgrades.

3. Encouraging Modernization: This benefit directly targets investments that improve efficiency, such as:                                             

Beyond Tax: Other Key BOI Supports for SMEs

The BOI benefits extend well beyond corporate income tax, providing critical non-tax advantages that smooth the path for growth and global integration. These measures help position your company as a reliable player in the international supply chain.

• Non-Tax Perks: Enjoy non-tax privileges like permission to bring in skilled foreign experts and technicians for knowledge transfer and easier visa and work permit processes.

• Focus on Local Content: New measures encourage the use of local parts and raw materials, promoting business matching between large enterprises and Thai parts manufacturers, strengthening the domestic supply chain.

• Stricter Value-Add Rules: The BOI is tightening the criteria for promotion in specific sectors to ensure projects demonstrate genuine value creation in Thailand, promoting high-quality, substantive manufacturing over mere assembly.