The Finance Ministry expects to postpone the plan to slap a financial transaction tax on individual stock investors for a certain period because of unfavourable economic conditions, says permanent secretary Krisada Chinavicharana.
He said while the ministry stands ready to impose the tax, Thailand is struggling with the double whammy of the prolonged pandemic and the Russia-Ukraine war.
The financial transaction tax applicable for share sales by individual investors trading on the Stock Exchange of Thailand has been on the books for around 30 years, but has always been waived to support market development.
Earlier Finance Minister Arkhom Termpittayapaisith said the plan to end this tax waiver on share sales from the local bourse should help to expand the tax base and garner additional revenue for national development.
The financial transaction tax is 0.1%. In…
