(14/2007)
The Board of Investment (BOI) has recently announced a new policy to promote the manufacturing of confectionery in order to raise production standards of confectionery products (e.g. candy, chocolate and gum), add more value to domestic sugar products and promote foreign investment in Thailand.
Under the new incentives, investors will enjoy import duty exemption for importation of machinery, which will result in reduced production costs. However, they will be required to establish their factories in an industrial estate or a promoted industrial zone to enable the government to control the environmental impact of their activities.
Once the official announcement of the above matter has been made, PwC will provide an update on this matter in another Flash Report.
PwC assists many of our clients in applying for BOI promotion and identifying opportunities for BOI investment.
