Tuesday, September 21, 2021

business

Tax perks to lure investors as LTF makes way for green-themed SEF


The Finance Ministry on Thursday accepted a proposal from an industry grouping that that will see the long-term fund (LTF) emerge with a new name as the sustainable equity fund (SEF) offering increased tax-reduction benefits for green investments.

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The proposal, put forward by the Federation of Thai Capital Market Organisations (FETCO), will result in the SEF replacing the LTF at the start of next year.
The SEF will allow investors to deduct up to 30 per cent of their total annual income from the fund - compared with the 15 per cent allowance under the LTF - for investments under Bt250,000.
Moreover, the SEF will also require that investors spend a proportion of their capital on sustainable equities such as the Thailand Future Fund and equities that are environmentally friendly.
In this way, SEF will be able to draw in more investors and, at the same time, promote sustainable investments,  FETCO chairman Paiboon Nalinthrangkurn said.

Published : August 08, 2019

By : The Nation