Announcement of the Board of Investment
No. 6/2558
Additional Amendment of the Announcement of the Board of Investment No.
2/2557
By virtue of Section 16 and Section 18 of the Investment Promotion Act B.E. 2520, the Board of Investment hereby issues this announcement, in which the Board of Investment deems appropriate to additionally amend the criteria for investment promotion under the new policy, and hereby repeals paragraph 6.1.3 of the Announcement of the Board of Investment No. 2/2557 dated December 3, 2014, policies and criteria for investment promotion with the following:
“6.1.3 New machinery must be used. In case of imported used machinery, criteria are as follow:
General Case
1. Used machinery not over 5 years old (from its year of manufacture to its year of importation) is allowed to be used in the promoted project. An investment on used machinery will be counted as investment capital for the calculation of the CIT exemption cap. However, the company will not be
granted an exemption of the import duty on machinery and it must obtain a machinery performance certificate for its efficiency, environmental impact and energy consumption as well as appropriate price estimation.
2. Used Machinery over 5 years old, but not exceeding 10 years from its yearof manufacture to its year of importation, is allowed to be used in the project, but will not be counted as investment capital for the calculation of the CIT exemption cap. Also, the company will not be granted an exemption of the import duty on machinery and must submit a machinery performance certificate for its efficiency, environmental impact and energy consumption.
Factory Relocation Case
1. Used machinery not over 5 years old (from its year of manufacture to its year of importation) is allowed to be used in the promoted project. An investment on used machinery will be counted as investment capital for the calculation of the CIT exemption cap. However, the company will not be
granted an exemption of the import duty on machinery and it must obtain a machinery performance certificate for its efficiency, environmental impact and energy consumption as well as appropriate price estimation.
2. Used machinery over 5 years old, but not exceeding 10 years from its year of manufacture to its year of importation, is allowed to be used in the promoted project. An investment on used machinery will count as 50% investment capital when calculating the CIT exemption cap. However, the company will not be granted an exemption of the import duty on machinery and it must obtain a machinery performance certificate for its efficiency, environmental impact and energy consumption as well as appropriate price estimation.
3. Used machinery over 10 years from its year of manufacture to its year of importation is allowed to be used in the promoted project. However, the investment on used machinery will not be counted as investment capital for the calculation of the CIT exemption cap and will not be granted an exemption of the import duty on machinery. The company must obtain a machinery performance certificate for its efficiency, environmental impact and energy consumption.
Other cases
Sea and air transport services, and mold and dies is allowed to use used machinery exceeding 10 years as deemed appropriate. The company will be entitled to import duty exemption and investment on used machinery will be counted as investment capital for the calculation of the CIT exemption cap.
Details will be according to the criteria specified by the Office of the Board of Investment.
Effective from April 2, 2015 onwards.
General Prayut Chan-o-cha
Chairman
Board of Investment
note: unofficial translation
cr: Thaland Board of Investment
_______________________
see more: BOI Thailand
Chairman
Board of Investment
note: unofficial translation
cr: Thaland Board of Investment
_______________________
see more: BOI Thailand
