The Thailand ESG Fund (TESG) is expected to be established by early December, according to the Securities and Exchange Commission (SEC). Investors will be able to deduct their investment from personal income for the 2023 tax year. The TESG Fund will focus on sustainable development and investors can receive tax benefits. The amended regulations will be published next month, and asset management companies have already submitted draft documentation for the TESG Fund’s establishment.
Investors can deduct their investment amounts for tax purposes, up to a maximum of 30% of assessable income, not exceeding 100,000 baht. Capital gains from the fund will be exempt from tax calculations, but investors must hold their investment units for at least eight years.
The TESG Fund can invest in assets owned by Thai public sector issuers, businesses established under Thai law, and companies listed on the Stock Exchange of Thailand and Market for Alternative Investment that meet green and ESG criteria. Overall, the establishment of the TESG Fund emphasizes the government’s recognition of the importance of savings and investments for long-term financial well-being.
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