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Mazars Payroll Flash news - November 2023
Tax exemption for individuals investing in the Thailand ESG Fund
On 21 November 2023, the Cabinet approved a draft ministerial regulation on granting individuals a tax exemption for investing in the Thailand ESG Fund (“the Fund”), effective from 21 November 2023 to 31 December 2032.
On 21 November 2023, the Cabinet approved a draft ministerial regulation on granting individuals a tax exemption for investing in the Thailand ESG Fund (“the Fund”), effective from 21 November 2023 to 31 December 2032.
The Fund focuses on investing in the securities and bonds of companies that conform with domestic environmental, social, and governance principles.
Individual taxpayers can claim a tax deduction for the amount invested in the Fund, up to 30% of their income or a maximum of THB 100,000 in a tax year.
The investment units must be held for at least eight years from the date of purchase, except in the event of the disability or death of the investor.
The income received from redeeming the units after maturity will also be exempt from taxes.
Source (in Thai):
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