The Treasury hopes to use the Vayuphak Fund and the TESG Fund, new money to support the capital market at the end of the year, more than 100 billion baht, asking all agencies to join in supporting secondary city tourism measures.
Mr. Laworn Sangsanit, Permanent Secretary of the Ministry of Finance, said during the policy presentation to the executives of the Ministry of Finance in Nakhon Phanom Province that the Ministry of Finance is trying to build confidence in the capital market through the Thai Sustainable Mutual Fund (TESG) and the Vayuphak Fund. It is expected that by the end of the year, there will be more than 100 billion baht in new money from both funds added to the capital market.
After the Thai Capital Market Business Council Discuss with Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, to use the mechanism through Thai Mutual Fund for Sustainability (TESG) is considered to help increase liquidity in the capital market. give rise to confidence It is no different from lon
g-term stock mutual funds (LTF). It also revives the Vayupak fund. To be an important mechanism for investing in the Thai stock market, the FPO is studying the conditions. When will the fund be issued? Sold to which group of investors? Accept that the use of tax policy must primarily consider value for money. To be another tool to promote the capital market together with the office SEC and Stock Exchange
Permanent Secretary of the Ministry of Finance Factors driving the economy at the end of this year The fiscal year 2024 budget must be expedited and released into the system as quickly as possible. Therefore, all relevant agencies have been urged to take care of income tax collection according to the target of 2.78 trillion baht in the 2024 budget. Even though the tax collection department still has income below the target of 26 billion baht, it is seen that during the remaining period It’s 3 months until the fiscal year 2024 budget is due. It’s seen that every agency is working together. will be achieved ac
cording to the target Including overseeing the disbursement of the 2024 budget to inject money into the system in order to approve the delayed disbursement from the 2024 budget. After the overall disbursement of the 2024 investment budget of 850 billion baht in the 3rd quarter of fiscal year 2024 (April-June), which must be disbursed not less than 21%, currently 38.6% has been disbursed.
In addition, every department We must also help take care of tax measures to stimulate tourism in secondary cities in 55 provinces, effective from 1 May – 30 Nov. 2024, including: 1. Personal tax deduction measures. For accommodation service expenses (hotels, homestays and non-hotel accommodations) and tour fees From traveling in secondary tourist provinces As actually paid but not more than 15,000 baht with a full tax invoice via the electronic tax invoice system. and electronic receipts (e-Tax Invoice and e-Receipt) 2.Corporate tax deduction measures For training and seminar expenses in secondary tourist areas, they can be
deducted 2 times the actual expenses. Meanwhile, major cities can deduct expenses at 1.5 times the actual expenses. To promote domestic tourism for Thai people to go out and spend. Affecting many other branches of business.
Source: Thai News Agency
