listing tax breaks
Corporate tax will be reduced from 30% to 25% for new companies listing
on the stock exchange, Sathit Limpongpan, director-general of the
Fiscal Policy Office, said yesterday. Companies already listed would
be allowed the reduction on their first 300-million-baht of gross
profits, he said. Above that, 30% would apply.
The Finance Ministry would also allow long-term investors to deduct
their stock investments from annual income tax payments.
SmaIl- and medium-sized enterprises listed on the Market for
Alternative Investment (MAl) would be allowed a 20% corporate tax rate
for three years after the law was passed. SMEs which listed on the MAl
in the last three years would be eligible. They could not acquire
other companiesí assets with three-year retrospectivity,
said. New listings could not acquire other companiesí assets at all.
Investors in the stock market would be allowed to deduct their stock
investment from their assessable incomes for annual income tax payment.
Incentives would focus on small investors, who would have to hold
investments for five years to fully
News, May 03, 2001
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