A royal decree aimed at waiving capital gains tax for investment in startups is expected to come into force by the first quarter of this year, according to the Digital Council of Thailand (DCT). The move is expected to lead to the creation of at least 5,000 local startups this year. The DCT indicated it has been working with relevant state agencies, such as the Revenue Department, National Innovation Agency and Securities and Exchange Commission, to put forth this legislation. DCT president Suphachai Chearavanont said the Revenue Department is in the process of proposing the draft legislation….

Read More