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9 August 2019

       Kindly be informed that the Revenue Code Amendment Act (No. 52) B.E. 2562 mandates that all mutual funds must deduct 10% withholding tax from dividends distributed to individual unitholders.      

       Therefore, your prior selection regarding withholding tax preference will be updated to reflect the amended law and 10% withholding tax will be imposed on all your mutual funds’ dividend payments starting 20 August 2019.

       Please note that for the unitholders subjected to lower tax bracket can reclaim the withheld amount by submitting the P.N.D. 90 form to the Internal Revenue Service department.

       For further information please contact 02-777-777 press 0, then 6 from 8.30 – 17.00 during business days or visit www.scbam.com.

• List of mutual funds that must be deducted withholding tax from dividends distributed
• The Revenue Code Amendment Act (No. 52) B.E. 2562

Announced on 9 August 2019
SCB Asset Management Company Limited