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Bangkok Post
Bangkok Post
Business

Tax waiver set to boost startup funding

DCT
Suphachai: Move to woo more funds

The government's recent approval of a capital gains tax waiver for startup investors is expected to drive funding for local startups up to 320 billion baht over four years and create more than 400,000 jobs, says the Digital Council of Thailand (DCT).

The cabinet last week approved a royal decree aimed at waiving capital gains tax for investment in startups associated with 12 targeted industries, including smart electronics, quality tourism, food processing and robotics.

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