BANGKOK, 16 March 2012 ? The Thai Stock Exchange is planning to ask for a waiver on capital gain tax for stocks traded via ASEAN Link.
The Stock Exchange of Thailand (SET) President Charamporn Jotikasthira said on Thursday that the SET will hold a Board of Governors meeting on March 21st, which will be joined by Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong.
He said that the SET will ask the Finance Ministry to consider a proposal for a waiver on capital gain tax for securities traded on participating Southeast Asian stock exchanges via the ASEAN Link.
The SET President said the proposed plan is aimed at attracting more foreign investors, who might be discouraged to engage in stock trade activities in the region due to existing tax requirements.
ASEAN Link is the intra-regional collaboration of the 7 bourses from Malaysia, Vietnam, Indonesia, Philippines, Thailand and Singapore to promote the growth of the Southeast Asian capital market by bringing more ASEAN investment opportunities to more investors.
Mr. Charamporn added that capital gains from securities traded outside ASEAN, investors will still have to pay taxes even after the proposed waiver is granted.
At the meeting, the SET will present all business plans to the Deputy Prime Minister.
The SET President also expressed his confidence that the Thai stock market will achieve its goal to see THB120 billion worth of IPOs and THB75 billion worth of fund-raising registered in 2012.
(NNT : Nopparat Chaichalearmmongkol)
 
 
 
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