Thailand May Impose Stock-Trading Tax to Lift Government Revenue

Thailand’s Ministry of Finance is considering imposing a tax on stock trading to boost government revenue after the novel coronavirus pandemic and economic slowdown slashed its receipts.

The levy may be 0.1% of each stock trade, Pakorn Peetathawatchai, president of the Stock Exchange of Thailand, told a press briefing on Friday. He spoke after Krungthep Turakij newspaper reported that the ministry planned the tax after waiving such a levy for more than 30 years.

“The stock exchange has been in close discussion on the equity-trading tax with the Finance Ministry,” said Pakorn. “We realize the need for the government’s ...