| 1. |
The
Thai government will not commence a new enterprise in
competition with a promoted enterprise. |
| 2. |
The
Thai Govenment will not nationalize a promoted enterprise.
|
| 3. |
Unless
required by special national circumstances, the Thai Government
will not monopolize the sale of a type of item produced
by a promoted enterprise, or impose price controls on
the enterprise's products. |
| 4. |
Government
entities are restricted from importing, on a duty- free
basis, products of a quality equal to or lower than the
quality of the products of a promoted enterprise.
|
| 5. |
A
promoted enterprise may own land that is needed for its
operations. |
| 6. |
A
promoted enterprise may freely remit foreign currency
so long as it either offsets the return of its capital
investment or consists of profits or payments of interest
or principal on foreign loans, royalties, license fees
or other similar obligations. In such cases, the loans,
licenses and other related agreements must be approved
by the BOI. This privilege may be suspended whenever economic
circumstances dictate. |
| 7. |
A
promoted enterprise may export its products, except when
such exportation threatens Thailand's security and economic
interests. |
| 8. |
The
entry of alien experts, technicians, staff and their dependents
is permitted, but subject to restrictions that the BOI
may impose. |
| 9. |
A
promoted enterprise may be exempted from or granted reductions
in import duties and business taxes on machinery, provided
comparable machinery is not available locally. For up
to one year at a time, a similar exemption may apply for
raw materials. A BOI promoted local seller is also eligible
for exemptions or reductions of duties and taxes for purchases
of local machinery and raw materials. |
| 10. |
A
promoted enterprise may be exempted from company income
tax on net profits from three to eight fiscal years. If
this exemption is granted, it may be extended to income
derived from the sale of by-products and semi-finished
products. If losses are incurred during the exemption
period, they may be carried forward for five years after
the exemption ends. |
| 11. |
Dividends
paid to shareholders may be exempt from tax from three
to eight fiscal years. |
| 12. |
Payments
of royalties and fees may be exempted from tax for up
to five years. |
