Transcript of the above video:

As the title of this video suggests, we are discussing ongoing compliance associated with BOI Companies. I am going to take this from the standpoint of the tax side of things but understand there are ongoing compliance requirements associated with maintaining one's status under the Board of Investment here in Thailand. 

For those who are unaware, I have done a number of videos on this channel; you can basically go into the search function and search BOI or Board of Investment. A company be it foreign or be it Thai can apply for certain benefits, certain concessions under the Board of Investment scheme. Basically, if approved, one can go ahead and gain certain concessions most notably things like tax concessions, tax breaks, tax holidays, foreign ownership of a company, possible land usage notwithstanding foreign ownership which under most of the other rules associated with doing business in Thailand is strictly prohibited. But, you have to continue to maintain compliance that the purposes and the business activity is in line with what was approved by the Board of Investment. This is especially important in a tax context because a lot of these operations that will end up getting certain tax benefits, those tax benefits may only pertain to a very narrow subset of the business activity. Failing to remain within that narrow subset of business activity can have a detrimental impact not least of which might be unforeseen tax liabilities. 

So something to keep in mind when looking at BOI is understanding ongoing compliance is part and parcel with not only getting well presumed on going compliance is associated with getting certified but then maintaining that status moving forward, compliance is going to be necessary in the months and years after being approved.