Bangkok—The Thai Board of Investment (BOI) has announced a transformative approach to investment promotion, leveraging tax reforms to position Thailand as a hub for sustainable and innovative businesses. These measures, integral to the BOI’s five-year strategy (2023–2027), aim to align with global standards and address pressing environmental challenges.
The BOI’s strategy introduces new tax thresholds, a “tax collection and refund” mechanism, and targeted incentives to attract investments in clean technologies and low-carbon solutions. Central to this initiative is the alignment with the OECD’s global minimum tax framework, ensuring Thailand remains competitive in an evolving international landscape.
Suthiket Thatpitakkul, the BOI’s deputy secretary-general, emphasized the importance of fostering an investment climate that balances economic growth with environmental responsibility. Speaking at the “Sustainability Forum 2025,” he stated, “Our goal is to create a conducive environment that encourages investment in clean technologies and low-carbon solutions.”
Among the key reforms are tax benefits for businesses investing in carbon capture, utilization, and storage (CCUS) technologies and those improving energy efficiency. These measures not only incentivize environmental responsibility but also enhance Thailand’s attractiveness as a destination for sustainable investment.
The BOI’s initiatives reflect a broader governmental push toward sustainable economic policies. By leveraging existing laws, such as the Investment Promotion Act, and collaborating with private stakeholders, the agency aims to integrate environmental considerations into the country’s economic framework. These efforts align with global trends prioritizing sustainability as a cornerstone of modern investment strategies.
Critics, however, caution that the implementation of such policies must be equitable, ensuring smaller businesses and vulnerable industries are not disproportionately burdened. The BOI has pledged to address these concerns through consultation and phased rollouts, mitigating potential disruptions.
Thailand’s proactive stance on sustainability and investment underscores its ambition to remain a competitive player on the global stage. As the world increasingly prioritizes sustainable development, the BOI’s forward-looking policies position the nation as a leader in harmonizing economic growth with environmental stewardship.
