Home > Business > Curb on tax break

Curb on tax break

The Cabinet yesterday reduced tax breaks on retirement mutual funds that are redeemed before the holder reaches 55 years of age.

Published on September 19, 2007

Deputy government spokesman Chodechai Suwannaporn said the Cabinet had approved the Finance Ministry's proposal to amend RMF regulations.

Under the new rules, only those who hold an RMF for at least five years and sell the fund when they are 55, would get full tax privileges, including personal income tax and capital gains tax exemptions.

Those who hold an RMF for five years but sell before they reach 55 would get only a partial tax incentive instead of the full tax break as before, he said.

Wichit Chaitrong

The Nation

Hospimedica
Nine UK companies will be attending the Asean healthcare exhibition Hospimedica Thailand.
New investment products from Syrus
Syrus Securities has announced two new stock investment products with the aim of attracting 500 new customers....

Curb on tax break

The Cabinet yesterday reduced tax breaks on retirement mutual funds that are redeemed before the holder reaches 55 years of age.

OTHER BUSINESS

Hospimedica

New investment products from Syrus

Top Stories