Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Thailand to Waive Tax on Investment Gains in Startup Businesses

March 8, 2022, 9:49 AM

Thailand will waive taxes on gains from startup investments to promote new businesses in Southeast Asia’s second-largest economy.

  • Investors will be exempted from capital gain taxes when they sell their holdings in startups that operate in government-promoted industries, according to an official statement on Tuesday
    • To qualify for waivers, investors must hold shares in those startups for at least two years before selling
  • Tax incentives may boost new startups by as many as 10,000 and help create up to 400,000 new jobs: statement
  • The Cabinet on Tuesday also approved tax collection guidelines for cryptocurrency trading, which was proposed by the ...