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Thailand Exempts Gains on the Transfer of Shares in Supported Target Companies

28 June 2022

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Approved Changes

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Thailand

The Thai Revenue Department has published Royal Decree 750, which provides an income tax exemption for investments in certain target companies engaged in businesses the government wants to support. This includes companies that develop or apply technology or innovation as an important part of their business operations and that operate in targeted industries as prescribed by the Policy Committee on Enhanced Competitiveness. The exemption is available for natural persons, companies, and juristic partnerships, and generally applies from 15 June 2022 until 30 June 2032. The exemption is provided on gains from the transfer of shares resulting from direct qualifying investments,...