The SEC insists that the opening of the “TESG” fund will not help support “SET” but will focus on tax relief. “Salaryman”

Secretary General of Securities and Exchange Commission (SEC) Ms. Bornanong Pusaratrakul, From 8th December 2023, we are ready to sell Thai mutual funds for fixed or TESG purpose. 22 funds from 16 investment management firms. Income earners are entitled to deduct the cost of purchasing such investment units not exceeding 30% of their assessable income. Area and investment units not exceeding 100,000 baht per tax year must be less than 8 years from the date of purchase. It can be used to reduce taxes in 2023, the goal is to get the response and raise investment of 10,000 million baht by 2023, and the number of funds is expected to increase in the coming years.

However, as many expected, the fund did not help the stock market. But it will help to encourage good deeds. Fundraisers are born for good causes. In addition, investors receive income from good operations. In the past SEC has found that the new generation of Thai people are more interested in green products. Therefore, such funds with an investment amount not exceeding 100,000 baht are believed to be suitable for personal savings, especially for salary earners who usually pay full tax.

Chairman of the Capital Markets Business Council of Thailand (FETCO) Mr. Kobchak Putrakul said after Thai Mutual Fund for Sustainability launched sales, interested investors would buy the fund three weeks before the end of the year. From 66 to 10,000 million baht, next year it will increase to 20,000-30,000 million baht and early next year Fetco is still preparing to discuss with the government about funding for education. Save money for your child’s education from early childhood to high school to encourage the general public, parents, and parents with children. Funds can be withdrawn tax-free. If you submit a receipt for your child’s tuition fees, you will not pay tax. The approach is similar in other countries.

At the same time, there is still a plan to seek investment from the Capital Market Development Development Fund. (CMDF) with a budget of 80 million baht and 20 million baht to implement 4 new projects, including the ESG Portal Project, to collect all knowledge about ESG so that everyone can know. Expected to start operating within 1-2 months, the Single Portal project has a budget of 20 million baht to open a website to serve as a hub for entrepreneurs. themselves.