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Bangkok Post

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BIZARRE: Cabinet approves transaction tax on securities trades - You Need To See This

Santi Promphat SET

An investor monitors share price movements at Asia Plus Securities’ headquarters on Sathon Road, Bangkok. (Photo: Pornprom Satrabhaya)

The cabinet on Tuesday approved a financial transaction tax on securities trades on the Stock Exchange of Thailand (SET), ending a three-decade waiver, Deputy Finance Minister Santi Promphat said on Tuesday.

The tax of 0.1% has been waived for a long time and other countries have also collected such a tax, Mr Santi told reporters.

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