Thailand to Delay Stock Transaction Tax Plan, Post Reports

Thailand’s Finance Ministry plans to postpone a plan to levy a transaction tax on individual investors because of unfavorable economic conditions, the Bangkok Post reports, citing Permanent Secretary Krisada Chinavicharana.

• The tax proposal may be delayed for a certain period as Thailand is facing the double whammy of a prolonged Covid pandemic and the Russian war in Ukraine, Krisada told the newspaper
• Ministry planned to revoke a waiver on transaction tax for the first time in about 30 years to expand the tax base: Post
• 0.11% transaction tax may not have significant impact on the market as it ...