Thailand’s government approved measures aimed at boosting the local stock market by increasing tax breaks and reducing lockups for individuals investing in so-called sustainable funds.
Individual purchases of as much as 300,000 baht ($8,341) in approved Thailand ESG funds will be exempt from a levy after being held for five years, said Deputy Finance Minister Julapun Amornvivat after the Cabinet approved the changes on Tuesday. The waiver was increased from 100,000 baht, while the qualification period was reduced from eight years.