LEGAL PROBLEMS ON TAX COLLECTION FROM MUTUAL FUND

Abstract

                  Since the tax collection of Thailand is subject to the Revenue Code (No. 52) B.E. 2562 (2019) specifying that the mutual fund is the company or juristic partnership to collect tax from investment in bonds of mutual fund at the rate of 15%, however, the National Strategy (20182037) to enhance the competitiveness specifies the opportunity of development of financial products to facilitate the access to the investor’s funding. The legal problem are whether the mutual fund is the financial products under the National Strategy to enhance the competitiveness or not, and whether the specification that mutual fund is the company or juristic partnership under the Revenue Code has any legal impact on the retail investors who are ordinary persons or not, and how. The result of research finds that the mutual fund is the financial products under the National Strategy (2018-2037) to enhance the competitiveness and specification that the mutual fund is the company or juristic partnership under the Revenue Code has the legal impact on the retail investors who are ordinary person. The mutual fund has to be subject to tax from interest derived from investment in bond, which is one kind of investment in mutual fund.