The government’s recent approval of a capital gains tax waiver for startup investors is expected to drive funding for local startups up to 320 billion baht over four years and create more than 400,000 jobs, says the Digital Council of Thailand (DCT).
The cabinet last week approved a royal decree aimed at waiving capital gains tax for investment in startups associated with 12 targeted industries, including smart electronics, quality tourism, food processing and robotics.
DCT president Suphachai Chearavanont said the move is expected to create an economic impact of 790 billion baht by 2026.
“This tax incentive will draw more funding for local startups,” Mr Suphachai said.
“By 2026, the measure is expected to increase the funding for startups to reach 320 billion baht and…
