This post series tells you step by step how to fill out Thailand BOI application for software (activity 5.7) or E-commerce (Activity 5.8). Click here for Thailand BOI Application Form_Software_E-Commerce. In the header section, Application for Promotion, check either Software or E-commerce. Section 1. Applicant: This section of BOI application is about the applicant, who […]
A lot of investors think that when the projects are approved and BOI certificates are issued by Thailand Board of Investment, their income starting from then on is exempted from tax which is not correct. In fact, the eligible promoted investors, who are entitled to use the right and BOI benefits in accordance to Section […]
If your business is to provide therapeutic treatment to people suffering physical, mental or hormonal injuries, it can seek Thailand BOI for health rehabilitation centers activity. Condition for this BOI promoted activity, health rehabilitation centers, is that your business must use medical technology for medical treatment and health rehabilitation and have continuous rehabilitation programs, including […]
Our client whose Thailand BOI company – software business was set up by Thai Lawyers Ltd. asked us to explain about the THB 1.5 M condition. Before 2015, the companies that applied BOI for software business will have to prove that they have invested THB 1M (not the same as paid up capital) in order […]
A client wants to have a hotel reservation website and wants to get Thailand BOI. They contact the Board of Investment and learned that they can get BOI promotion because their business is considered E-Commerce, which is BOI promoted activity 5.8. What is the process involved in getting BOI promotion for hotel reservation website or […]
A client of Thai Lawyers imports and sells machinery. We advised them to get Thailand BOI for machinery, engines, tools and equipment business. This is because our client does not want to increase their registered and paid up capital Baht 2M for every expat they hire and that is not the only thing. They need […]
What are Thailand BOI benefits granted to companies providing international business process outsourcing services? If your services are provided through communication network such as administrative, finance, accounting, human resource, sales and marketing services, customer service, data processing, etc (or international business process outsourcing), you can get an investment promotion from Thailand Board of Investment and here […]
Is it possible to get BOI in Thailand for consulting business? If your company does consulting and needs many work permits for your foreign employees, you should read this post. To get Thailand BOI for consulting business, you will be looking at BOI activity 7.7 Trade and Investment Support Office (TISO), which covers advisory services […]
How do BOI companies in Thailand that get income tax exemption use the losses from its operation? In general, companies in Thailand with BOI benefits from section 65 Ter (12) of the Revenue Code, which allows losses to be carried forward for five accounting periods and to be offset against future profits from all sources. Net […]
Our Thailand BOI software business was set up by Thai Lawyers Ltd. We want to know if the BOI company makes a profit of 4 M Baht and we draw a dividend of 1 million Baht to ourselves at end of year 1, do we have to pay any tax on the 4 million Baht? […]