1. Tax exemption include others benefit;
1.1 BOI privilege (Board Of Investment) : benefit such as,
1.1 BOI privilege (Board Of Investment) : benefit such as,
- To permit foreigner to own land and factory
- To permit skill foreigner working and staying in Thailand including family
- Exemption import duties of raw material and machine
- Up to 0% yearly income tax payment
- To get benefit on money remittance
1.2 Bond Warehouse : privilege under Customs act;
This incentive may suite for logistics and IPO firm;
- Tax and imported duties exemption.
- Goods can store and distribute for firms of BOI, bis19 and local but within 2 years since imported date.
- Goods can export regardless of whether or not in the same nature of imported condition.
1.3 Free Zone (FZ) : privilege under Customs act;
This incentive, we will discuss specifically factory or warehouse privilege in FZ area.
- Look like factory locating in abroad,so tax and imported duties exemption all goods and machinery.
- Relieved from standard/quality control under Thai's requirements.
- Eligible for Export Tax Refund/Exemption Schemes for local material imported to Free Zone for produce and exporting.
- Duty Exemption on Waste, Scrap, and Yield Loss.
1.4. EPZ (Export Processing Zone) : Privilege under IEAT act;
This privilege same FZ but control by Industrial Estate Authority of Thailand.
1.2 Bond Warehouse : privilege under Customs act;
This incentive may suite for logistics and IPO firm;
- Tax and imported duties exemption.
- Goods can store and distribute for firms of BOI, bis19 and local but within 2 years since imported date.
- Goods can export regardless of whether or not in the same nature of imported condition.
1.3 Free Zone (FZ) : privilege under Customs act;
This incentive, we will discuss specifically factory or warehouse privilege in FZ area.
- Look like factory locating in abroad,so tax and imported duties exemption all goods and machinery.
- Relieved from standard/quality control under Thai's requirements.
- Eligible for Export Tax Refund/Exemption Schemes for local material imported to Free Zone for produce and exporting.
- Duty Exemption on Waste, Scrap, and Yield Loss.
1.4. EPZ (Export Processing Zone) : Privilege under IEAT act;
This privilege same FZ but control by Industrial Estate Authority of Thailand.
2. Tax exemption majority
2.1 Bis 19 : privilege under Customs act
There are raw material imported duty and related taxes refund after export finished goods, this privilege is easily application but majority on duty refund only.
There are raw material imported duty and related taxes refund after export finished goods, this privilege is easily application but majority on duty refund only.
Not only above incentive, in Thailand have others privilege for specific manufacturing such as duty draw back for re-export, tax exemption and others form for FTA and JTEPA for automotive business and etc, so we will discuss next post, also compare all Thailand benefit which one fit your business or how difference.
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