Connect with us

Economics

BOI Announces Measures to Facilitate Investors Affected by COVID-19 Situation

The Thailand Board of Investment (BOI) said in a statement that it remains as committed as ever to serve the needs of investors, and announced practical measures to ensure the continuity of service to support companies

Published

on

The Thailand Board of Investment (BOI) said in a statement that it remains as committed as ever to serve the needs of investors, and announced practical measures to ensure the continuity of service to support companies as economic activity in this critical period is affected by the spread of the coronavirus disease 2019 (COVID-19) and the Emergency Decree put in place by the government to control the situation.

“The BOI, as always, is there to help in any way it can,” Duangjai Asawachintachit, Secretary General, Thailand Board of Investment (BOI), said in the statement addressed to executives of both local and international companies invested in Thailand.

Measures taken by the BOI to facilitate companies during this period include the following:

– In accordance with the announcement by the Ministry of Finance to postpone corporate income tax submission for the 2019 accounting year (Por.Ngor.Dor.50) to 31 August 2020, the BOI has extended the application deadline for corporate income tax exemption privileges to 31 July 2020, or not less than 30 days before the corporate income tax filing date.

– To ensure continued support to investors, we have launched an online document submission service (e-submission) since March 30, 2020 apart from our existing e-services (such as e-investment for applications, e-tax for corporate income tax exemption authorization, and e-land for land ownership approval).

Please visit our website for e-submission (https://doc.boi.go.th/). This new service, in line with the government policies to encourage people to work from home, ensures that companies can still receive services from us as usual.

– Both the Head Office of the BOI, at 555 Vibhavadi-Rangsit Road, and the One Start One Stop Investment Center (OSOS), located on the 18th Floor, Chamchuri Square Building, Rama IV Road, Bangkok, stay open during normal office hours, although with a reduced personnel.

– Also, the BOI is now offering online meeting services to answer queries from investors.

These measures aim to comply with the rules established under the Emergency Decree, issued by the Thai Government since March 26, and the recommended social distancing, the statement said.

“Whether they are at the office or working from home, all BOI executives and staff stay fully engaged,” Duangjai said in the statement.

For more information, please contact:
Thailand Board of Investment
Tel. +66 (0) 2553 8111
Website: www.boi.go.th

Economics

Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

Published

on

Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

(more…)
Continue Reading

Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

Published

on

BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,165 other subscribers

Wise

Recent