BOI latest update: reporting required 4 times per year

Starting from March 30, 2026:
BOI has officially revised the project progress reporting mechanism under the e-Monitoring system.

• Previously: companies were subject to an “irregular reporting” model, with relatively lower reporting frequency.
• Now: the system has been officially standardized into a “quarterly reporting” model.

This means that companies are now required to submit project progress reports 4 times per year. BOI has clearly increased the frequency of monitoring and tracking project implementation progress.

Companies are required to:
👉 Submit project progress reports within 60 days after the end of each quarter.

Example:

First quarter: January 1, 2026 — March 31, 2026

Quarter-end date: March 31

BOI will then allow an additional 60 days for report submission.

Therefore, the submission deadline will be: May 31, 2026.

Many companies were previously accustomed to handling BOI reporting once a year or on a milestone basis.
However, going forward:
BOI will conduct more frequent reviews of project status, investment progress, operational activities, and the authenticity of project execution.

As a result, “time management” will become a very important part of BOI compliance.

First: failure to submit reports = BOI privileges may be suspended
If a company fails to submit project reports within the required timeframe:
👉 BOI-related privileges may be “temporarily suspended.”

This is where many companies misunderstand the situation: “suspension” does not mean “revocation.”
However, during the suspension period, companies may face impacts on BOI-related tax incentives, certain import privileges, BOI approval procedures, as well as visa and work permit processes for foreign employees. Therefore, even a “temporary suspension” may directly affect business operations.

Second: privileges will be automatically restored after late submission
If the company subsequently completes the overdue filing:
👉 BOI privileges will be automatically reinstated.

In other words, BOI’s current mechanism is more focused on:
“continuous monitoring + corrective compliance.”
The core objective is not to immediately penalize companies, but to require businesses to continuously maintain project compliance.

However, the key condition is that companies must identify issues promptly and complete the overdue submission as soon as possible.

Third: continuous failure to report may lead to cancellation of BOI status
This is also the most critical point under the new rules.

If a company fails to submit project reports for two consecutive periods:
BOI has the authority to directly revoke the company’s BOI privileges.

This means that previously granted investment incentives, tax benefits, and even project qualifications may be affected.

For companies that have already invested substantial capital, this risk is extremely significant.