SEC public hearing on proposed principles and draft regulations on notification of VC and PE Trust to promote startup funding
The Securities and Exchange Commission, Thailand (SEC) is seeking public comments on the proposed principles and draft regulations on the notification of venture capital (VC) and private equity trust (PE Trust) in accordance with the Royal Decree issued under the Revenue Code regarding Exemption from Revenue Tax (No. 750) B.E. 2565 (2022) (the Royal Decree No. 750) to support financing of Thai startups.
Pursuant to Section 6(3) and Section 8(1) of the Royal Decree No. 750 issued by the Revenue Department, any VC or PE Trust wishing to receive revenue tax exemption is required to notify its VC or PE Trust status with the SEC.
The SEC is therefore conducting the public hearing on the proposed principles and draft relevant notifications, requiring VC or PE Trust preferring revenue tax exemption to notify its respective status with the SEC in accordance with the rules, conditions, procedures as well as time periods, as specified, to promote startup funding both directly and indirectly through investment in VC and PE Trust.
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