Thai MP urges caution on stocks, crypto taxes

Watanya Wongopasi, a member of parliament (MP) of Thailand’s ruling Palang Pracharath Party (PPRP), has suggested that the Excise Department study every aspect carefully before imposing taxes on cryptocurrency trading and sales of stocks.

Watanya on January 19 attended a meeting of the Committee on Monetary Affairs, Finance, Financial Institutions, and Financial Market that discussed taxing stock trading and digital assets.

In a post on January 20 on her Facebook page, she summarised important discussions that took place at the meeting.

Federation of Thai Capital Market Organisations chairman Paiboon Nalinthrangkurn made the point that a tax on stock trading would decrease liquidity in the market by at least 40 per cent.

Paiboon said that large numbers of foreign…