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We obtained the BOI certificate with the privileges of income tax exemption. This year, the parent company have debt forgiveness (loan from parent company) to company in amount of USD 0.1 million which it become the income for debt forgiveness. Can this income use the right of income tax exemption under BOI?

Panwa: The case of company obtained the debt given from Parent company is not the receiving income under BOI, so, the company must take this income to calculate income tax under NON-BOI activity to pay for the income tax according to the Thai law.