Thailand BOI Approves Steps to Ease COVID-19 Impact, Accelerate Investment in Medical Sector.

Investment in Medical Sector

BOI approved a series of measures to mitigate the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical equipment.

The measures approved include the following: Accelerate investments in the medical sector.

  • Apart from the 3 to 8 year tax holidays, a reduction of 50 percent of corporate income tax for an additional 3 years will be given to qualified investments in the medical sector. 
  • A measure to support the adjustment of existing production lines to manufacture medical devices or parts by exempting import duties on machinery.
  • Adjustments to the benefits granted for the production of raw materials used in the manufacture of medical products to encourage a more complete value chain in Thailand.

Investment in Medical Sector

Source  :

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