•The total investment during the first 5 years of corporate income tax exemption must not be less than 15 billion baht, excluding cost of land and working capital.
•An investment plan for parts production and a plan for parts utilization must be submitted and approved by the Board.
Rights and benefits:
•Exemption of import duties on machinery regardless of zone.
•5-year exemption of corporate income tax regardless of zone.
•Other rights and benefits shall be granted according to BOI Announcement
1.Manufacture of vehicle parts (General parts)
Incentives
•Exemption of corporate income tax (Cap)
Zone 1 -3 years (In Industrial Estate)
Zone 2 -3 years (Outside IE) / 7 years
(In Industrial Estate)
Zone 3-8 years
•Exemption of import duties on machinery
•Exemption of import duties on raw materials for production of exports