🚗⚡ Thailand Local Content Promotion Measure

Applicable to the Electric Vehicle (EV) and Electrical & Electronics industries

Launched by the Board of Investment of Thailand (BOI)

to enhance the overall competitiveness of Thai industries.

🎯 Policy Objectives

✅ Encourage greater use of locally manufactured components (Local Content)

✅ Reduce reliance on imported raw materials

✅ Strengthen Thailand’s domestic supply chain

🚘 Eligible Industries

🔹 Battery Electric Vehicle (BEV) manufacturing

🔹 Plug-in Hybrid Electric Vehicle (PHEV) manufacturing

🔹 Electric buses and battery-powered electric trucks

🔹 EV-related equipment and component manufacturing

🔹 Smart appliances and smart electronics manufacturing

🔹 General household appliance manufacturing

📌 Applicable to new projects or projects still within the corporate income tax exemption period

📋 Key Conditions

1️⃣ Must obtain the “Made in Thailand (MiT)” certification

issued by the Federation of Thai Industries (FTI)

2️⃣ Minimum Local Content Requirements:

▶ BEV: at least 40%

▶ PHEV: at least 45%

▶ Electric buses/trucks: at least 40%

▶ EV equipment: at least 15%

▶ Smart appliances / general appliances: at least 40%

📅 Application must be submitted by the last working day of 2026

📅 MiT certification must be submitted before the end of the corporate income tax exemption period and no later than the last working day of 2027

🎁 Incentives

✔ After the original corporate income tax exemption period ends,

an additional 2-year 50% corporate income tax reduction

(based on the normal tax rate) may be granted

For consultation on BOI applications, MiT certification, or corporate structuring,

we provide comprehensive one-stop professional services.

Clyde – One Stop Service for Your Business

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