Thailand to Submit Stock Tax Proposal to Cabinet Soon: Minister

Thailand’s finance ministry will soon seek cabinet approval to issue a decree to collect tax on stock transactions, according to Finance Minister Arkhom Termpittayapaisith.

• If approved, the decree will allow the government to collect a financial transaction tax of 0.1% on stock transactions on the Thai stock exchange, Arkhom tells reporters during a weekend trip to Vietnam
• The collection of the tax is stipulated in Thai laws but has been exempted since 1991
• The move is expected to generate tens of billions of baht for the Thai government’s coffers and will be effective from the current fiscal year through ...