Interpretation of the Latest BOI Measures in Thailand:

Focusing on Industrial Upgrade Incentive Policies for “Renewable Energy and Energy Efficiency Enhancement”

In July 2025, the Thailand Board of Investment (BOI) officially launched a new round of industrial upgrade policy adjustments, introducing enhanced support measures specifically targeting the field of “Energy Substitution.” The policy emphasizes encouraging enterprises to increase investment in smart manufacturing, energy conservation, and green certification. This is aimed at comprehensively advancing Thai industry toward the goal of “Smart & Sustainability.”

This article provides a detailed analysis of the five technical directions, application criteria, and tax incentive mechanisms outlined in the BOI’s July 2025 announcement, along with compliance recommendations for eligible enterprises.

I. Policy Objectives and Legal Basis

The current BOI adjustment aims to:

•Support enterprises in enhancing energy efficiency through the adoption of alternative energy sources and energy-saving technologies;

•Promote greener and cleaner production processes;

•Facilitate enterprise transformation toward smart industry and sustainability standards;

•Provide targeted incentives for small and medium-sized enterprises (SMEs) to participate in energy-efficiency upgrades.

📅 Implementation Date: Effective from July 1, 2025 (B.E. 2568)

📝 Legal Basis: Section 16 of the Investment Promotion Act B.E. 2520

II. Five Key Areas of Incentive

The BOI specifies five categories of investment directions to support industrial transformation and upgrading:

✅ 1. Adoption of Automation and Robotics Systems: Enterprises are encouraged to adopt automation equipment and industrial robotics to enhance production efficiency and industrial competitiveness.

✅ 2. Application of Digital Technologies for Energy Efficiency: The policy supports the deployment of digital energy monitoring systems and energy-saving control platforms to improve overall operational efficiency.

✅ 3. Enhancing Overall Energy Efficiency Toward Industry 4.0: Enterprises are encouraged to achieve intelligent production processes through technological optimization and move toward Industry 4.0.

✅ 4. Utilization of Alternative Energy and Energy-Saving Equipment to Reduce Environmental Impact

•Supported: Installation of Battery Energy Storage Systems (BESS), high-efficiency inverters, and other energy-saving equipment

•Not Supported: Installation of solar panels is not included within the supported scope

✅ 5. Promotion of International Sustainability Certifications, including but not limited to:

•GAP (Good Agricultural Practices)

•FSC, PEFCs (Forest Sustainability Certifications)

•ISO 22000 (Food Safety Management Systems)

III. Tax and Investment Incentives Available to Enterprises

According to the new BOI policy, various types of projects may be eligible for the following incentives:

VI. Filing Obligations and Timeline

Ⅳ. Practical Guidance: How Can Enterprises Secure BOI Benefits Compliantly?

📌 If your enterprise is planning any of the following activities, it is recommended to immediately initiate the BOI application or amendment process:

• Undertaking energy efficiency upgrades in existing factories (e.g., equipment replacement, digital management system integration)

• Launching new projects seeking tax exemptions and green channel privileges

• Preparing to apply for international sustainability certifications

• Operating as an SME with a clear technological upgrading roadmap

Ⅴ. TMA Provides End-to-End Services from Project Planning to Regulatory Compliance

As a seasoned corporate service provider with deep local experience in Thailand, TMA supports clients throughout the entire BOI project cycle—from initial planning to compliant implementation—including:

🔹 Planning & Application

• Feasibility analysis for energy-saving renovation projects

• Preparation of equipment lists and energy efficiency evaluation reports

• Submission via BOI’s e-system and liaison with BOI officials

🔹 Visa & Incorporation

• Processing Non-B + Work Permit visas for foreign directors and employees

• Factory establishment, company registration, and relevant license applications

🔹 Compliance & Corporate Services

• Bookkeeping, BOI tax reporting, and management of BOI duty exemption cards

• Payroll, social security, and labor law compliance

• Guidance on sustainability certification processes (e.g., ISO, GAP, FSC)

📧 Consulting Contact: Christina Zhang

📞 Phone: +66 065-868-1986

📩 Email: christina@tmathaigroup.com

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Ⅵ. Conclusion

The new BOI policy, effective from July 2025, demonstrates Thailand’s increasing precision and practicality in promoting the green and energy-saving industrial transition. Under this policy, enterprises may benefit from:

• Up to 5 years of corporate income tax exemption

• Accelerated tax deductions based on investment amount

• Fast-track customs clearance and visa facilitation, among other BOI privileges

TMA recommends that enterprises planning factory expansions or upgrades should proactively plan and submit scientifically sound BOI applications to maximize policy benefits in a compliant manner.