What are the examples of government business incentives?
Non-fiscal incentives offered include, for example, guarantees against unjust competition, protection measures for the benefit of promoted projects (such as import ban), and permission to own land. As for fiscal incentives, BOI offers tax exemption or reduction of import duties on imported machinery and materials, exemption of corporate income taxes up to 8 years and reduced by 50% for 5 years after the exemption period, deduction of the project’s infrastructure installation or construction cost.

However, investment promotion privileges approved for each project varies based on the investment criteria a project is qualified. The criteria used to consider whether the suitability of a project.