Tax deduction rules for investment in Thai ESG Funds to be revised

June 2024

 

On 25 June 2024, the Ministry of Finance proposed amendments to the tax deduction conditions for investments in Thai ESG Funds.

Key changes include:

  • Holding Period: The minimum holding period for investment units will be reduced from 8 years to 5 years.
  • Tax Deduction Limit: The maximum annual tax deduction will increase from Baht 100,000 to Baht 300,000, capped at 30% of the investor’s assessable income.

These changes are slated for Cabinet approval within the next two weeks and, if passed, will take effect from 1 January 2024. This initiative is part of broader measures aimed at bolstering the Thai stock market, with eased investment rules for ESG-focused funds also on the agenda.

About HLB Thailand 

HLB Thailand has a long tradition of serving international and local clients and today is one of the leading international accountings and advisory firms in Thailand specifically in Bangkok and Phuket. 

We are one of only 30 audit firms in Thailand approved by the SEC to audit entities in Thailand’s capital markets.

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