16 Dec 2022
Econ Digest
On November 29, 2022, the cabinet adopted a resolution to impose a financial transaction tax on securities at a rate of 0.11% (including 0.01% of local tax) of the transaction value. After the above resolution is published in the Royal Gazette, such tax will be levied at a rate of 0.055% (including 0.005% of local levied tax) of the transaction value during the trial period from the second quarter of 2023 to December 31, 2023, and at the normal rate from January 1, 2024 onwards. The financial transaction tax is a specific business tax under the Revenue Code Amendment Act (No. 30) B.E. 2534 (1991) but has been waived since 1992.... Read more
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