Thailand BOI Flood Relief Measures for Investment-Promoted Companies
Relief for replacement machinery, damaged with detailed implementation procedures machinery and raw materials,
Thailand’s Board of Investment (BOI) has established Relief Measures for Investment-Promoted Persons Affected by Flooding (“Relief Measures”) from 2024 onwards. The measures principally allow eligible promoted companies to obtain import duty exemption for qualifying replacement machinery, write off flood-damaged machinery without tax or duty liability in specified cases, and write off raw materials and essential materials damaged or lost due to flooding. The BOI Office subsequently issued detailed procedures governing eligibility, application deadlines, replacement machinery, project amendments, commencement of operations, and the treatment of damaged machinery and raw materials.
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