  
  
S/C/N/ 972 
1 November  2019 
(19-7379) Page: 1/2 
Council for Trade in Services  Original:  English  
 
  
 
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE  
GENERAL AGREEMENT ON TRADE IN SERVICES  
The following notification, dated  22 October 2019 , from the delegation of Thailand , is being circulated 
to Members of the Council for Trade in Services . 
 
_______________  
 
 
1  MEMB ER NOTIFYING : 
Thailand  
2  NOTIFICATION UNDER : 
Article III:3 of the General Agreement on Trade in Services  
3  DATE OF ENTRY INTO FORCE : 
12 February 2019  
 
3.1  Duration:  
Indefinite  
 
4  AGENCY RESPONSIBLE FOR ENFORCEMENT OF THE MEASURE : 
The Board of Investment of Thailand  
5  DESCRIPTION OF THE MEASURE : 
Measure:  
 
Announcement of the Office of the Board of Investment No. Por. 7/B.E. 2562 (2019): Right and 
benefit of corporate income tax exemption or reduction . 
 
Description:  
 
The announcement set s forth conditions for  receiving right and benefit of  corporate income tax 
exemption or reduction:  
 
1) If investment projects that are entitled to receive right and benefit of additional corporate 
income tax exemption under general measures and other measures receive more than 8 
years of corporate income tax exemption, those investment projects will not be eligible to 
receive a reduction of corporate income tax under Section 35 (1) of the Investment 
Promotion Act B.E. 2520 (1 977). 
 
2) If investment projects under "Section 8: Technology and Innovation Development " are 
locate d in science and technology parks that are promoted or approved by the Board, those 
investment project s will be eligible to receive an additional 2 years of co rporate income tax S/C/N/9 72 
- 2 - 
  exemption instead of receiving a reduction of corporate income tax under Section 35 (1) of 
the Investment Promotion Act B.E. 2520 (1977) . 
 
3) Investment projects that are entitled to receive additional corporate income tax exemption 
under general measures and other measures will be eligible to receive no more than 13 
years of corporate income tax exemption . 
 
6  MEMB ERS SPECIFICALLY AFFECTED, IF ANY : 
None 
7  TEXTS AVAILABLE FROM : 
The Board of Investment of Thailand  
555 Vibhavadi -Rangsit Road, Chatuchak, Bangkok 10900  
Tel: (+66) 2553 8386  
https://www.boi.go.th  
 
 
__________  
 