March 8, 2022, 9:49 AM
Thailand will waive taxes on gains from startup investments to promote new businesses in Southeast Asia’s second-largest economy.
- Investors will be exempted from capital gain taxes when they sell their holdings in startups that operate in government-promoted industries, according to an official statement on Tuesday
- To qualify for waivers, investors must hold shares in those startups for at least two years before selling
- Tax incentives may boost new startups by as many as 10,000 and help create up to 400,000 new jobs: statement
- The Cabinet on Tuesday also approved tax collection guidelines for cryptocurrency trading, which was proposed by the …
