Thailand BOI: Promoted Activities: Agriculture Products
November 19 2012 Categories: @ Thailand Investment Blog, BOI Promotion Thailand No comments yet
What are the agricultural activities eligible for promotion?
As you already know the Board of Investment is the agency in charge of promoting certain sectors of Thai economy. As such the BOI role is among other to determine:
What are the activities which are eligible for promotion
What are the conditions attached to said promotion
What are the privileges attached to said business activity
The activities that are promoted are divided in seven sections as follows: Section 1: Agriculture and Agricultural Products; Section 2: Mining, Ceramics and Basic Metals; Section 3: Light Industry; Section 4: Metal Products, Machinery and Transport Equipment; Section 5: Electronic Industry and Electric Appliances; Section 6: Chemicals, Paper and Plastics; Section 7: Services and Public Utilities.
The table below is a list of the activities promoted by the BOI under Section 1:
|
List of activities eligible for promotion and their conditions |
|
|
Section 1: Agriculture and Agricultural Products |
|
|
Activity |
Conditions & Privilege |
| 1.1 Plant propagation or seed grading | Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.2 Hydroponics cultivation | Classified as a priority activity
- Exempt from import duty on machinery, regard less of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.3 Manufacture of biological fertilizers, organic
fertilizers |
Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.4 Animal breeding | - Exempt from import duty on machinery,
regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.5 Animal husbandry
1.5.1 Livestock 1.5.2 Aquatic (except shrimp |
Classified as a priority activity
- Exempt from import duty on machinery, regard less of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.6 Manufacture of animal feed or mixes for animal
feed |
Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.7 Crop drying and silo facilities (1) | Classified as a priority activity of special importance
and benefit to the country by granted the rights and benefits as follow : - Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone without being subject to corporate income tax exemption cap - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.8 Deep sea fishery | Classified as a priority activity
- Exempt from import duty on machinery,regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.9 Slaughtering | Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.10 Tanneries, leather finishing, or fur dressing | 1. The rights and benefits are granted as follow:
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years regardless of zone 2. Tanneries must be located in an industrial estate specified by the Industrial Estate Authority of Thailand. |
| 1.11 Manufacture or preservation of food or food
ingredients, using modern technology (except drinking water and ice cream) (2) 1.11.1 Manufacture or preservation of food made from animals 1.11.2 Manufacture or preservation of food made from plants, vegetables or fruits 1.11.3 Manufacture or preservation of food made from rice or cereal 1.11.4 Manufacture of products from raw milk 1.11.5 Manufacture of food ingredients 1.11.6 Manufacture of sweeteners (except sugar) 1.11.7 Manufacture of beverages from plants, vegetables or fruits (except alcoholic beverages) 1.11.8 Manufacture or preservation of ready to eat or semi ready-to-eat food (3) 1.11.9 Manufacture of candy, chocolate or gum |
1. Classified as a priority activity
2. The manufacture or preservation of ready-to-eat or semi-ready-to-eat food will be classified as a priority activity that has special importance and benefits to the country. - Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone without being subject to corporate income tax exemption cap - Other rights and benefits are granted according to BOI Announcement No. 1/2543. - Appointed the conditions according to the Announcement No. 6/2546 3. The manufacture of candy, chocolate or gum - Exemption of import duty on machinery, regardless of zone - Not granted corporate income tax exemption or reduction - Factory must locate only in industrial estates or promoted industrial zones 4. Other privileges will be granted according to BOI Announcement No. 1/2543. |
| 1.12 Manufacture of oil or fat from plants or animals | Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543 |
| 1.13 Grading, packaging and storage of plants,
vegetables, fruits or flowers, using modern technology (4) |
Classified as a priority activity of special importance and benefit to the country
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone without being subject to corporate income tax exemption cap - Other rights and benefits are granted according to BOI Announcement No. 1/2543. - Appointed the conditions according to Announcement No. 6/2546 |
| 1.14 Manufacture of natural rubber products | Classified as a priority activity
- Exempt from import duty on machinery, regardless of zone - Corporate income tax exemption for eight years, regardless of zone - Other rights and benefits are granted according to BOI Announcement No. 1/2543. |
| 1.15 Manufacture of dextrin or modified starch | Classified as a priority activity
- Exempt from import du Originally posted 2009-08-03 07:05:20.
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