By The Nation
Attractions of the proposed funds include:
1 Tax privileges (20 per cent tax deduction but not more than Bt100,000 – purchase of funds worth about Bt500,000) and no more than the amount of payable tax. It is different from LTFs as the proposed tax deduction is on tax to be paid while the LTF tax deduction was on income.
2 FETCO’s proposed investment in infrastructure funds and sustainable SET stocks will boost incentives and the chance for it to be approved by the Cabinet. – Prakit Siriwattanaket, Vice President, Kasikorn Securities