{"id":31756,"date":"2025-01-21T11:19:32","date_gmt":"2025-01-21T05:49:32","guid":{"rendered":"https:\/\/akriviahcm.com\/resources\/?post_type=payroll_alerts&p=31756"},"modified":"2025-01-21T18:11:32","modified_gmt":"2025-01-21T12:41:32","slug":"tax-benefit-for-investment-in-thailand-esg-fund","status":"publish","type":"payroll_alerts","link":"https:\/\/akriviahcm.com\/resources\/global-payroll\/alerts\/tax-benefit-for-investment-in-thailand-esg-fund","title":{"rendered":"Additional Tax Benefit for Investment in Thailand ESG Fund (TESG)"},"content":{"rendered":"
\n

Country:<\/b> Thailand<\/p>\n

Compliance category:<\/b> Enhancement of Tax Relief<\/p>\n<\/div>\n

\n

Regulatory Information:<\/h2>\n

Regulation: <\/b>Revenue Code- Revenue Tax Exemption<\/p>\n

Notification\/Circular No: <\/b>Ministerial Regulation No.395<\/p>\n

Notification date: <\/b>January 06, 2025<\/p>\n

Source: <\/b>Announcement Notification on ESG<\/a><\/p>\n<\/div>\n

\n

Updates in Compliance:<\/h2>\n

Summary:<\/p>\n

The Revenue Department of Thailand have revised the limits and period of additional tax benefits for investment in the Thailand ESG Fund.<\/p>\n

Effective Date:<\/strong> January 01, 2025<\/p>\n

The updates include an increase in the maximum tax benefit limit, a reduction in the holding period for investments, and a revised timeline for tax benefit claims for the investment made during the period of 2024 to 2026 as follows:<\/p>\n\n\n\n\n\n\n
Particulars<\/b><\/strong><\/td>\nExisting
\n(2023 to 2032)<\/strong><\/td>\n		Revised for intermediary period
\n(2024 to 2026)<\/strong><\/td>\n<\/tr>\n
Tax Benefit limit<\/b><\/strong><\/td>\nThe maximum amount is 100,000 Baht but not exceeding 30% of assessable income<\/td>\nThe maximum amount is 300,000 Baht but not exceeding 30% of assessable income<\/td>\n<\/tr>\n
Holding Period of investment<\/b><\/strong><\/td>\nThe holding period must be at least a full 8 years starting from the date of your first purchase<\/td>\nThe holding period must be at least a full 5 years starting from the date of your first purchase<\/td>\n<\/tr>\n
Period of tax benefit claim<\/b><\/strong><\/td>\nTESG will be exempt from tax for the assessable income received before January 1, 2024, and from January 2027 to 31 December 2032<\/td>\nTESG will be exempt from tax for the assessable income received from January 1, 2024, to 31 December 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n

Our Analysis:<\/h2>\n

These changes aim to enhance the attractiveness of TESG as a viable option for long-term savings and investment, allowing individuals to maximize their financial growth while enjoying favorable tax treatment. The above table summarizes these particulars, highlighting the differences between the current regulations and the proposed extensions.<\/p>\n

Investors are encouraged to align their investment strategy with these timelines to maximize their tax advantages.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Country: Thailand Compliance category: Enhancement of Tax Relief Regulatory Information: Regulation: Revenue Code- Revenue Tax Exemption Notification\/Circular No: Ministerial Regulation No.395 Notification date: January 06, 2025 Source: Announcement Notification on ESG Updates in Compliance: Summary: The Revenue Department of Thailand have revised the limits and period of additional tax benefits for investment in the Thailand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"countries":[716],"class_list":["post-31756","payroll_alerts","type-payroll_alerts","status-publish","hentry","countries-thailand"],"acf":[],"yoast_head":"\nAdditional Tax Benefit for Investment in Thailand ESG Fund<\/title>\n<meta name=\"description\" content=\"Discover additional tax relief for TESG investments in Thailand with increased tax benefit limits and reduced holding periods for 2024-2026.\" \/>\n<meta name=\"robots\" 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