Salary Tax Deduction For Investment - Options... Please Help!

[ihightower]

I copied below text from previous posting... as I want to know the same information.. NO ANSWER from anyone.

Please help with more information.. Thanks.

http://www.thaivisa.com/forum/topic/223212-tax-deduction-for-investments/

Two tax deductions in Thailand are the Retirement Mutual Fund (RMF) and the Long Term Equity Fund (LMF). I believe each has a maximum contribution of 500,000 baht per year.

A friend of mine wants to get a 50,000 baht reduction in her taxable income. She could invest in one of these two funds. Does anyone know a very conservative LMF? Even if the return was 0%, the tax deduction is enough of a benefit and the investment could be sold in 5 years.

The LMF's that I saw invest in some form of equity, which currently is very volatile. She doesn't want to lose any money which would defeat the purpose of the tax deduction. I know there are money market funds that pay a very low-interest, but I don't believe they are considered as LMF.

Thanks

[ihightower]

This has a good reply:

http://www.thaivisa.com/forum/topic/589600-rtf-and-ltf/