INVESTMENT
Infrastructure funds get boost
- Published: 14 Dec 2012 at 00.00
- Newspaper section: Business
In order to support the country's development of infrastructure projects, the Finance Ministry has agreed to waive taxes on dividends and capital gains for infrastructure fund investment over 10 years for retail and corporate investors, says the Securities and Exchange Commission.
Vorapol Socatiyanurak, secretary-general of the SEC, said the waiver for retail investors will apply once funds are registered. Corporate investors will be eligible once they hold the fund for at least three months.
The SEC will allow two new types of businesses to raise funds through infrastructure funds: natural gas transport and oil pipelines, and information technology sciences such as laboratory science. Existing businesses that can use the new type of fund include rail systems, waterworks systems, electricity systems, airports, telecommunications, water management, expressways, deep sea ports, alternative energy systems and natural disaster protection systems.
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