Chaiwut is confident that Capital Gain Tax will support startups, adding 400,000 jobs

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Chaiwut is confident that Capital Gain Tax will support startups, adding 400,000 jobs

Chaiwut Thanakmanusorn, Minister of Digital Economy and Society (DES), revealed that the capital gain tax measure will help attract investment. enabling startups to raise more capital and is expected to stimulate investment in startups in Thailand by more than 320 billion baht by 2026, creating more than 400,000 jobs and causing economic value of not less than 79 billion baht by Increasing opportunities for digital growth in Thailand and stepping into the international level will help strengthen the economic sector. And it is the key to the transition of the traditional economy to the high-value digital economy.

Mr. Chaiwut said According to the Cabinet (Cabinet) has approved a tax exemption measure or Capital Gain Tax for 10 years for Thai and foreign investors who invest in Thai digital startups under 12 target industries. The shares must be held for at least 24 months as required by the Ministry of Finance. proposed by the Revenue Department The Royal Decree issued under the Revenue Code on Tax Exemption (No. 750) B.E. 2022 (Tax Measures to Promote Fundraising in Startup Enterprises) is effective since June 15

Such measures will benefit Thai startups. especially the targeted industries of the country, such as the modern automotive industry. intelligent electronics industry industrial robots Aviation and logistics industry People development industry and education, etc., are in line with the mission of the Ministry of Digital. by the Digital Economy Promotion Agency or depa, who wants to promote and enhance the potential of Thai digital startups in parallel with the development of startup networks and ecosystems. To increase growth opportunities and step up to the international level This is considered the main roadmap to drive the country’s economy and society.

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“Capital Gain Tax exemption measures will help attract investment from Thai and foreign investors through venture capital businesses, encouraging Thai startups to raise more capital. causing new startups It also stimulates employment in the country. Help strengthen the Thai economic sector. Transform the traditional economy into a high-value digital economy,” said Chaiwut.

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