In brief
A person/company granted investment promotion by the Thailand Board of Investment (BOI) is required to submit project progress reports in the form prescribed by the BOI until it obtains the operation commencement license from the BOI. The BOI has revised the required number of submissions per year and the applicable submission deadlines.
We set out the key revisions below.
In more detail
The table below presents the current project progress report requirements in comparison to previous requirements for reference.
| Notification of the Office of the Board of Investment | |||
|
No. Por. 1/2561, (Cancelled) |
No. Por. 5/2569, (Cancelled) |
No. Por. 8/2569, (Effective) |
|
| Submission frequency | Two times per year | Four times per year, on a quarterly basis (Q1-Q4) | Four times per year, on a quarterly basis (Q1-Q4) |
| Submission deadline | By the end of February and July of each year | Within 60 days from the end of each quarter | Within 30 days from the end of each quarter |
Failure to submit the report on two consecutive occasions may result in the revocation of the rights and privileges granted by the BOI.
For more information, please contact our team at Baker McKenzie.
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Karnchanok Kochakeeree, Associate, and Chana Sooppipat, Legal Professional, have contributed to this legal update.