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BoI speeds up rejig of incentives

BoI OECD Duangjai Asawachintachit Board of Investment

The BoI has offered special privileges for companies working in S-curve industries.

The Board of Investment (BoI) is accelerating the revision of investment incentives to align them with global changes and offset the impact of the new world tax regimes proposed by the Organisation for Economic Co-operation and Development (OECD).

According to Duangjai Asawachintachit, BoI secretary-general, investment incentives need to be rejigged to retain Thailand's investment competitiveness after members of the OECD last October took a decisive step towards forcing the world's biggest companies to pay their fair share of tax.

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