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One of the most frequent weaknesses found in BOI-promoted factories is recording scrap quantities without linking them to specific production orders or batches. At first glance, recording total scrap each month may seem sufficient.However, under the compliance expectations of the Thailand Board of Investment, scrap must be traceable to the exact production activity that generated […]
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 […]
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 […]
(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 […]
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, 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 […]
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