Thailand Tax Agency Clarifies Tax Measures for Investment Stability

The Thai Revenue Department Nov. 22 issued News No. 5/2024, clarifying tax measures for investment stability. The measures include: 1) providing taxpayers the right to deduct the cost of purchasing investment units in the Thai Mutual Fund at a rate not exceeding 30 percent of assessable income, not exceeding 100,000 Thai baht (US$2,831); and 2) exempting capital gains earned from selling investment units in calculation of individual income tax, as long as the purchase of investment units occurred at least eight years. [Thailand, Revenue Department, 11/22/23]

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