New fund replacing LTFs starts to take shape

The Finance Ministry has agreed to launch a new tax-saving fund to replace long-term equity funds (LTFs), for which the tax incentive is due to expire at the end of this year.

The initial details of the new fund bear resemblance to the Sustainable Equity Fund (SEF) suggested by the Federation of Thai Capital Market Organizations (Fetco).

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Wichit Chantanusornsiri