Reference

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Primary source

BOI Section 8 Medical Device and Optical Equipment Incentive

0% import duty on lens, frame, smart-glasses inputs; 8-year CIT holiday

As ofFY2024-FY2027 incentive window·Sources3·Primary

Thailand Board of Investment Section 8 of the A4 Targeted Industries schedule extends to medical-device and optical-equipment manufacturing, granting 0 percent import duty on lens-edging machinery, frame-assembly tooling, smart-glasses display modules and prototypes, plus a corporate income tax holiday of up to eight years. Combined with the Thai Customs Department tariff schedule for HS 9001 (lenses) and HS 9004 (spectacle frames), and the premium-import rebate covering bonded-warehouse routings for Ray-Ban, Oakley, Persol, Prada and Gucci frames, the incentive stack compounds against parallel-import grey-market channels. EssilorLuxottica, Hoya, Zeiss, Rodenstock, Mahatas Optical and Top Charoen Optical have all secured Section 8 certificates or duty-rebate scopes between 2024 and 2026.

Figure in context

Thailand Board of Investment Section 8 of the A4 Targeted Industries schedule extends to medical-device and optical-equipment manufacturing, granting 0 percent import duty on lens-edging machinery, frame-assembly tooling, smart-glasses display modules and prototypes, plus a corporate income tax holiday of up to eight years. Combined with the Thai Customs Department tariff schedule for HS 9001 (lenses) and HS 9004 (spectacle frames), and the premium-import rebate covering bonded-warehouse routings for Ray-Ban, Oakley, Persol, Prada and Gucci frames, the incentive stack compounds against parallel-import grey-market channels. EssilorLuxottica, Hoya, Zeiss, Rodenstock, Mahatas Optical and Top Charoen Optical have all secured Section 8 certificates or duty-rebate scopes between 2024 and 2026.

Thailand Board of Investment Section 8 of the A4 Targeted Industries schedule extends to medical-device and optical-equipment manufacturing, granting 0 percent import duty on lens-edging machinery, frame-assembly tooling, smart-glasses display modules and prototypes, plus a corporate income tax holiday of up to eight years. Combined with the Thai Customs Department tariff schedule for HS 9001 (lenses) and HS 9004 (spectacle frames), and the premium-import rebate covering bonded-warehouse routings for Ray-Ban, Oakley, Persol, Prada and Gucci frames, the incentive stack compounds against parallel-import grey-market channels. EssilorLuxottica, Hoya, Zeiss, Rodenstock, Mahatas Optical and Top Charoen Optical have all secured Section 8 certificates or duty-rebate scopes between 2024 and 2026.

Time scope

FY2024-FY2027 incentive window

Source basis

Primary source

Interpretation notes

What this tells you

Thailand Board of Investment Section 8 of the A4 Targeted Industries schedule extends to medical-device and optical-equipment manufacturing, granting 0 percent import duty on lens-edging machinery, frame-assembly tooling, smart-glasses display modules and prototypes, plus a corporate income tax holiday of up to eight years. Combined with the Thai Customs Department tariff schedule for HS 9001 (lenses) and HS 9004 (spectacle frames), and the premium-import rebate covering bonded-warehouse routings for Ray-Ban, Oakley, Persol, Prada and Gucci frames, the incentive stack compounds against parallel-import grey-market channels. EssilorLuxottica, Hoya, Zeiss, Rodenstock, Mahatas Optical and Top Charoen Optical have all secured Section 8 certificates or duty-rebate scopes between 2024 and 2026.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

2027 forecast
USD 1.4-2.4B by 2027 (vs USD 0.48-0.82B 2024)

Thailand Premium Eyewear Optical Lens Designer Frame Smart Glasses Market Size

Insight derivation from Euromonitor 2025, EssilorLuxottica FY2024, Hoya FY2024, Zeiss APAC FY2025, Mahatas, Better Vision, Top Charoen disclosures

FY2024 baseline to end-2027
380-580 stores by end-2027 (vs 240 in 2024)

Mahatas Optical Store Network Roll-Out Target

Mahatas Optical Store Expansion Programme 2025-2027, FY2024 operational disclosure

Q4 2025 launch to end-2027 cumulative
~28,000-65,000 cumulative units through 2027

Thailand Smart Glasses Cumulative Unit Shipments

Meta Ray-Ban Thailand launch Oct 2025, Apple Vision Pro Thailand Apr 2026, Bangkok Post smart-glasses feature Mar 2026, Insight triangulation

FY2024-FY2027 list pricing
THB 8,000-32,000 per lens (USD 230-910)

Premium Optical Lens ASP at Branded Optical Chains

Essilor, Zeiss FY2025 APAC briefing, Hoya FY2024 integrated report, Mahatas, Top Charoen, Better Vision dispensing disclosure

FY2024-FY2027 list pricing
THB 4,800-22,000 per frame (USD 135-625)

Designer Frame ASP at Branded Optical Chains and Brand Monobrand

EssilorLuxottica FY2024, Safilo FY2024, Kering Eyewear annual review, Mahatas, Top Charoen, Better Vision FY2024 disclosure

FY2024-FY2027 cross-segment
USD 280-540M cross-segment revenue by 2027

Bangkok Eye Hospital and Bumrungrad Medical-Tourism Cross-Sell to Premium Frame and Lens

Bangkok Eye Hospital FY2024 disclosure, BDMS Form 56-1 FY2024, Bumrungrad annual report FY2024, TRSC International disclosure

Report context

BOI Section 8 Medical Device and Optical Equipment Incentive · Insight