SET proposes capital gain tax waiver for Asean Link trade

business March 15, 2012 00:00

By The Nation

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The Stock Exchange of Thailand is pushing for a waiver on capital gain tax for transactions in the regional bourses that join the Asean Link.

 SET President Charamporn Jotikasthira said on Thursday that the proposal would be submitted to Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong, who would join the SET Board of Directors meeting on March 21.

 Charamporn said that the waiver would attract new investors.

 The Asean Link is a regional platform that aims to attract foreign investors and increase cross border trading participated by 7 regional bourses in six countries - Malaysia, the Philippines, Thailand, Singapore, Indonesia and Vietnam. It is slated for launch in 2012.

 Charamporn added that the board would also inform the minister of its plan this year. The exchange aims to attract new initial public offering, to boost the market capitalisation by Bt120 billion.