MPG:BOI Reinstates International Procurement Offices
MPG would like to share the latest update about “BOI Reinstates International Procurement Offices. On 4 November 2020, the BOI announced that it would be reinstating the International Procurement Office (IPO) category in order to encourage trade and investment, as well as strengthen Thailand’s supply chains. Businesses that engage in promoted activities under the IPO category will enjoy import duty exemptions on machinery and raw materials used in export manufacturing, as well as non-tax incentives.
Please read the full update HERE.