On 15 March 2024, the Board of Investment (“BOI”) published an Announcement No. Sor 2/2024 by virtue of the Investment Promotion Act 1977, to promote investment in digital businesses in response to changing business operations and technology in the digital industry.

The BOI launches a new sub-activity and revises the conditions of the existing activities, which are summarized below:

Changes on the conditions of existing activities

The BOI is also authorized to issue announcements regarding the determination, details of the scope, criteria, and methods for calculation of the CIT exemptions, determination of the form of income that will be exempt from corporate income tax, definition of the software development process, platform to provide digital services, or digital content, etc.