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Thailand approves transaction tax on securities trades - deputy Finance Minister

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BANGKOK : Thailand's cabinet on Tuesday approved a financial transaction tax on securities trades on the Stock Exchange of Thailand, ending a three-decade waiver, the country's deputy finance minister said on Tuesday.The tax of 0.1 per cent has been waived for a long time and other countries have also col

BANGKOK : Thailand's cabinet on Tuesday approved a financial transaction tax on securities trades on the Stock Exchange of Thailand, ending a three-decade waiver, the country's deputy finance minister said on Tuesday.

The tax of 0.1 per cent has been waived for a long time and other countries have also collected such a tax, Santi Promphat told reporters. The tax should take effect early next year, he added.

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