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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Thai Islamic Bank seeks tax clarification before Baht Sukuk sale

Posted on 06 October 2011

The Islamic Bank of Thailand is awaiting clarification from government regulators on tax breaks for Shariah-compliant bonds before proceeding with the country’s first sale of baht-denominated sukuk.
“We need to know if the tax exemptions cover both land and properties,” Dheerasak Suwannayos, president of the state-owned Islamic Bank, said in an interview today in Bangkok. “We have been told by the Securities Exchange Commission that they will get back to us in a month.”………………………………………Full Article: Source

 
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