On 30 July 2024, the Cabinet approved the Draft Ministerial Regulation No. … (B.E. ….) issued in accordance with the Revenue Code. Regarding tax exemption (Improving tax measures to promote investment for sustainability in Thailand) to add tax benefits to investing in Thai ESG, only in investment units purchased from 1 January 2024 to 31 December 2026.
The draft of the Ministerial Regulation is proposed by the Ministry of Finance. It is an improvement in providing benefits according to tax measures to promote investment for sustainability in Thailand in the Thai Mutual Fund for Sustainability (TESG) as follows:
Increase the deductible limit
| Previously | Now |
| Deductions were allowed up to 30% of the assessed income subject to tax, but not exceeding 100,000 baht. | Deductions are allowed up to 30% of the assessed income subject to tax, but not exceeding 300,000 baht. |
Reduce the holding period for investment units
| Previously | Now |
| The investment units must be held for at least 8 years, and if they are held for the full 8 years period, individual income tax on capital gains from selling back the investment units will be exempted. | The investment units must be held for at least 5 years, and if they are held for the full 5 years period, individual income tax on capital gains from selling back the investment units will be exempted. |