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SEC issues regulations on notification of VC and PE Trust to promote startup funding



Wednesday 2 November 2022 | No. 189 / 2022


Bangkok, 2 November 2022 – The Securities and Exchange Commission (SEC) has issued 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) (“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. Such VC or PE Trust must also have qualifications in accordance with the rules, procedures and conditions as specified by the Director-General of the Revenue Department.  

The SEC has therefore issued related regulations whereby VC or PE Trust wishing to receive revenue tax exemption is required to notify its VC or PE Trust status with the SEC in accordance with the specified procedures to support funding of startups. Direct investment in startups or indirect investment through VC and PE Trust is eligible for the tax benefit. The SEC regulations have been published in the Government Gazette and have become effective as from 1 November 2022.  

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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 189 / 2022 Wednesday 2 November 2022
SEC issues regulations on notification of VC and PE Trust to promote startup funding
Bangkok, 2 November 2022 – The Securities and Exchange Commission (SEC) has issued 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) (“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. Such VC or PE Trust must also have qualifications in accordance with the rules, procedures and conditions as specified by the Director-General of the Revenue Department.  

The SEC has therefore issued related regulations whereby VC or PE Trust wishing to receive revenue tax exemption is required to notify its VC or PE Trust status with the SEC in accordance with the specified procedures to support funding of startups. Direct investment in startups or indirect investment through VC and PE Trust is eligible for the tax benefit. The SEC regulations have been published in the Government Gazette and have become effective as from 1 November 2022.  

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