Thailand Wealth Management Forum 2019 - Exclusive Insights - Benjarong Techamuanvivit

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1. What are some of the tax changes that we will see soon in Thailand - and how will they effect the industry?

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1. What are some of the tax changes that we will see soon in Thailand - and how will they effect the industry?

Regarding the tax changes that will be implemented this year, number one impact is on the upcoming expiration of long-term equity fund which collectively AUM. It's huge because this incentive has been there for over ten years so, currently our LTF AUM is around 7% of total market AUM and 2% of Set Indexes Market Capitalization, there’s going to be no renewal as far as I heard from the government and we're waiting for any amazing news that the new government will provide to us. And second one is about the Fixed Income Fund Tax versus the Zero Tax in the past. This year the 15% Coupon in Capital Gains on Fixed Income Fund is about to be in effect in the third quarter. And the size of Fixed Income Fund as in every other market may be a quarter of total market AUM so it's huge. So it's hard work for us how to figure out how to retain our AUM and cover the decrease in yield.

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