The Stock Exchange of Thailand (“SET”) is set to launch Jump+, a tax incentive initiative under its 2025–2027 strategic plan to stimulate the capital market and support sustainable growth. The program offers tax benefits to listed companies (“PLCs”) achieving growth targets, encouraging mergers and acquisitions (“M&A”) and enhancing long-term competitiveness.
Key Highlights
- Three-Year Corporate Tax Exemption: PLCs will receive a three-year corporate income tax exemption on incremental profits, promoting genuine business growth.
- Tax Amnesty for M&A: The program offers retrospective tax amnesty for PLCs acquiring non-listed firms previously engaged in dual-book accounting, boosting M&A activity and improving tax compliance.
Eligibility & Additional Measures
To qualify for Jump+, companies must:
- Be listed on the SET or Market for Alternative Investment (“MAI”).
- Maintain a clean regulatory record, with no delisting risks or executive misconduct reported in the past year.
Additionally, the SET will implement complementary measures to strengthen the capital market ecosystem:
- Transitioning Long-Term Equity Funds (“LTFs”) to Thai ESG Funds to encourage sustainable investments.
- Reforming treasury stock regulations to offer listed companies greater flexibility in managing stock during periods of market volatility.
Thailand’s Jump+ Program Strategic Tax Incentives to Boost Capital Market_Bangkok Global Law