Government gives the go-ahead for tax on share sales in stock exchange
After more than 30 years of exemption, the Thai Cabinet on Tuesday approved levying a financial transaction tax for trades in the Stock Exchange of Thailand (SET).
The plan to tax SET traders has been around for 30 years, but it has always been waived by the government to support market development.
The move proposed by the Finance Ministry is expected to enable the government to generate 10 billion to 20 billion baht per year.
The Nation Reporter
