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.
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