What is Material Balance in BOI-Promoted Factories?
Material balance means a factory can clearly account for every unit of raw material imported under BOI privilege. It shows transparency in how materials move through production and ensures the company uses tax-exempt imports correctly under the rules of the Thailand Board of Investment. A proper material balance system should clearly demonstrate: 1. Imported QuantityThe […]
Most Common BOI Scrap Compliance Gaps in Factories
1. ❗ Not performing third-party scrap verification Many factories record scrap internally but forget that BOI usually requires independent inspection and certification of losses or destruction. Without this, unused materials may be treated as taxable stock and BOI benefits can be revoked. 2. ❗ Poor traceability between imported material and scrap Factories often fail to […]
How Scrap or Waste Generated During Production Must Be Handled
(According to BOI Thailand – Section 36(1)) Under BOI Thailand regulations, scrap, waste, or production loss generated from raw materials imported under Section 36(1) (duty exemption) cannot be handled freely. The handling method depends strictly on the type of loss and its commercial value 1. First Step: Classify the Scrap Correctly All production scrap must […]
Classification of Raw Material Loss
Raw material loss is divided into two types: 1. Loss Included in the Production Formula (Formula Loss) 2. Loss Not Included in the Production Formula (Non-Formula Loss) Tax Calculation for Commercially Valuable Loss In the case where Company A purchases raw materials from BOI-promoted Company B and adjusts raw material accounts monthly via Report-V, if […]
ASML – BOI Thailand Meeting
ASML, the world’s leading semiconductor manufacturing equipment company from the Netherlands, met with Thailand’s Board of Investment (BOI) to discuss cooperation in developing Thailand’s semiconductor supply chain. The collaboration aims to support Thailand’s national strategy and the vision of “Chip Made in Thailand”, including long-term ecosystem development. ASML expressed strong interest in expanding its supplier […]
Loss Quantity Inspection Service
One of the comprehensive quality services provided by Advantage Co., Ltd., ready to assist with inspecting imported raw materials from abroad used in various industries, as well as losses occurring during the production process or with substandard machinery that must be destroyed. This service helps facilitate clients across different industries in claiming import duty privileges […]
What Scrap / Loss Means Under BOI Rules (PCBA Products)
Under Thailand BOI regulations—particularly those enforced under Section 36 of the Investment Promotion Act—scrap and loss refer to raw materials, components, or in-process goods that cannot be used or sold as intended during PCBA manufacturing. These are unavoidable by-products of the electronics assembly process, but they are not part of the approved formula loss 🔧 […]
BOI Scrap Inspection
BOI Scrap Inspection refers to the inspection process required by Thailand’s Board of Investment (BOI) for companies that receive investment promotion incentives. This applies particularly to manufacturing or promoted activities where imported raw materials (duty-free or tax-exempt under BOI privileges) generate waste, scrap, defective goods, or production losses. What is BOI Scrap Inspection? It is […]
Scope of Non-Formula Loss Inspection Services
Our Non-Formula Loss Inspection Services are designed to support manufacturers in achieving regulatory compliance, inventory accuracy, and tax settlement requirements in accordance with Thailand BOI regulations. 1. Verification of Non-Formula Loss Quantity We conduct independent verification and certification of non-formula losses arising from manufacturing operations, including: Each item is physically inspected, identified, and quantified to […]
🔓💸 Decoding Global Trends
Turning Three Global Industry Shifts into New Income and Skills for Thailand in 2026 As global change accelerates more intensely than ever in 2026—driven by AI disruption, geopolitical technology competition, and the climate crisis—many concerns naturally arise: From the BOI’s perspective, these global shifts are not viewed as crises, but as critical turning points—opportunities to […]