Thailand’s BOI to boost sustainable investment with new tax structure
Measures of the five-year strategy include tax thresholds and a ‘tax collection and refund’ mechanism with a focus on supporting sustainable business practices
The Board of Investment (BOI) is set to introduce new tax measures next year, aligning Thailand's investment landscape with international standards.
These changes will include new tax thresholds and a “tax collection and refund” mechanism for Thai investors.
As part of its five-year investment promotion strategy (2023-2027), the BOI aims to address climate change and promote sustainable business practices. The agency plans to use existing laws, such as the Investment Promotion Act and the Competitiveness Enhancement Act, to offer tax incentives and other benefits to environmentally conscious businesses.
“We are committed to supporting businesses that have sustainable practices," said Suthiket Thatpitakkul, BOI deputy secretary-general, during a panel discussion at the "Sustainability Forum 2025: Synergising for Driving Business", which was held by Krungthep Turakij newspaper on Tuesday.
"Our goal is to create a conducive environment that encourages investment in clean technologies and low-carbon solutions," he added.
Key initiatives set to be implemented by the BOI include:
- OECD Tax Framework: The BOI will align its tax policies with the OECD's global minimum tax and other relevant tax measures
- Carbon Tax and Incentives: The agency will support businesses that invest in carbon capture, utilisation, and storage (CCUS) technologies, and consider tax incentives for companies reducing their carbon footprint through energy efficiency measures
With these initiatives, the BOI aims to position Thailand as a leading destination for sustainable investment and innovation, working closely with both the government and the private sector to foster an environment that balances economic growth with economic growth with environmental responsibility.
