Thailand Says Waiting for Appropriate Time to Impose Stocks Tax

Finance Minister Arkhom Termpittayapaisith says government is waiting for the “appropriate time” to impose a tax on stocks trading, signaling a delay in the proposed levy.

• Economy is still recovering at slow pace and government wants to see a firmer rebound, Arkhom tells reporters in Bangkok
• Finance ministry has received petition from Federation of Thai Capital Market Organizations to delay the proposed measure
• Ministry has acknowledged the trade group’s concern and will wait for the stable economic recovery before considering to implement the tax, he says
• NOTE: In Dec. 2021, SET president said the finance ministry is considering a …