According to reports, the Thai Finance Ministry is considering the introduction of tax exemptions for venture capital firms investing in large companies.
Currently, venture capital funds do receive an exemption on dividend payments and share transactions, but only for investments in small and medium-sized companies. However, proponents of a tax break extension argue that not only would such a move stimulate the country's venture capital industry, it would open the door to investment in companies which are at present under state control.
The Finance Ministry has said that it will assess the level of interest among venture capital firms currently taking advantage of existing incentives to invest in smaller enterprises before making a final decision.
However, it would seem that interest in the benefits - which can include exemptions on personal and corporate tax liability on revenue through dividends and capital gains - is already high, with around 30 VC firms having expressed a desire to see the tax beaks extended.
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