The Thai cabinet approved tax measures to promote the development of the capital market in the country. Details of such tax measures are as follows:
1) The tax rate is to be reduced and personal income tax is to be exempted on dividends received by Thai tax residents from a foreign company or partnership in respect of securities listed on the Stock Exchange of Thailand; and
2) Income tax is to be exempted for income from sales of securities listed on stock exchanges in ASEAN member countries, provided that the sale is made through the system of the Stock Exchange of Thailand.
Contact MSNA for your Thai accounting and tax questions.