House of Representatives, Cabinet plans long-term savings. Through the TESG mutual fund, we hope to promote stocks on the stock exchange. Focus on sustainability Take care of the environment

Mr. Chai Watcharong, Spokesman of the Prime Minister's Office Revealed that the meeting Cabinet approves principles of draft ministerial regulations Issued in accordance with the Revenue Code. Regarding tax exemption or tax measures to promote investment for sustainability in Thailand for ordinary persons Paid for purchasing investment units in “Thailand ESG Fund or TESG” tax deduction is allowed not more than 30 percent of income not exceeding 100,000 baht per year. In that year, investment unit holding period is not less than 8 years.

Exemption from personal income tax for investors in the Thai Sustainable Mutual Fund (TESG) allows the government to lose income. In the first year approximately 3,000 million baht and in the following years approximately 10,000 million baht per year, hoping to encourage increased long-term investment in the Thai capital market. Create more stability for the Thai capital market. This has led to increased investment in businesses that take into account the environment, society and good governance. Make Thailand achieve the United Nations Sustainable Development Goals. including carbon neutrality goals and net zero greenhouse gas emissions target Ministry of Finance and related agencies Ready to accelerate public relations Create awareness and understanding about such tax measures. Due to the first year, sales will start on December 1, 2023 to use for tax deduction at the beginning of the year 2024.

Source: Thai News Agency