Finance Ministry delays stock transaction tax

Published by
The Bangkok Post

The Finance Ministry will postpone enacting a financial transaction tax on individual stock investors this year until economic conditions are more favourable, says Finance Minister Arkhom Termpittayapaisith. He said many economies are struggling because of the impact of the prolonged pandemic and the Russia-Ukraine war, with the latter driving up the global crude oil price and inflation. Earlier Mr Arkhom vowed the ministry would continue with implementing the tax this year, saying it was the right time. Now he said the Thai economy is on a gradual recovery path, led by strong exports. Foreign…

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