The Fund invests in shares of listed companies, equity instruments or other assets as prescribed by the Office of the SEC or approved by the Fund to create returns in line with the return of the MSCI Thailand ex Foreign Board Index as much as possible.
You cannot claim a tax deduction. However, capital gains from investment unit redemption can receive income tax exemption like other mutal funds.
Investments made before December 31, 2019
You can claim a tax deduction of not more than 15% of your taxable income, and not more than 500,000 baht in total for that tax year.
Investment Conditions for LTF (For investments made before December 31, 2019)
The investment amount eligible for tax deduction is not more than 15% of your taxable income, and not more than 500,000 baht in total for that tax year.
Terms of investment
If investments are made prior to January 1, 2016, they must be held for at least 5 calendar years (any partial year counts as one year).
If investments are made between January 1, 2016 and December 31, 2019, they must be held for at least 7 calendar years (any partial year counts as one year).
Breaches of LTF Investment Conditions (For investments made before December 31, 2019)
Return the entire amount of the relevant tax exemptions to the Revenue Department if investment units are redeemed prior to 5 calendar years (for investments made before January 1, 2016) or 7 calendar years (for investments made between January 1, 2016 and December 31, 2019).
Pay a surcharge to the Revenue Department at the monthly rate of 1.5% on the exempted tax amount but not exceeding the amount of tax that needs to be paid, starting from the end of the filing period in the year the exemption was requested, to the day the tax payment or tax payable is submitted. Investors are advised to file a tax deduction repayment as soon as possible.
In case there are capital gains incurred from redemption, investors are required to:
Pay withholding taxes according to the Revenue Code Section 50(2) calculated according to their tax rates
Incorporate the capital gains incurred from redemption as a taxable income
Breaches of investment conditions 1 to 3 are not applicable in the event of death or disability of the investor in accordance with the conditions of the Revenue Department.
Investments are not deposits and carry the risk that investors may not receive their money back in full when the investment is redeemed (the principal is not guaranteed).
Investors are strongly advised to study the product characteristics including the prospectus, fund policy, returns conditions, risks, and fund performance before deciding to invest.
The off-shore investment funds have no currency risk-protection policy for most, if not all, of their value. The currency risk policy is at the discretion of the management company. Investors may experience currency losses or profits, or receive a return less than their initial investment.