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BOI supports flood-ravaged Songkhla businesses

BOI supports flood-ravaged Songkhla businesses

12 Sept 06:05 Key points summarised by AI
  • The Board of Investment (BOI) implemented emergency measures to support businesses in Songkhla province, severely impacted by recent floods.
  • Key relief includes tax breaks on imported replacement machinery and approval to increase production capacities for affected firms.
  • Businesses can also exclude damaged machines from business levy assessments, provided they apply within six months of the disaster zone status being lifted.
  • BOI further granted over 53 billion baht in investment privileges to 191 firms in critical sectors to accelerate the local economy's revival.
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