ARTICLE · 02 JANUARY 2023

Thailand Preparing To Tax Securities Transactions

Tilleke & Gibbins

Contributor

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

View firm profile

Explore more from Tilleke & Gibbins

Thailand's cabinet has approved draft legislation to impose a financial transactions tax (FTT) on securities trading in the Stock Exchange of Thailand (SET).

ThailandTax

Auaychai Sukawong

Author LinkedIn connections

Thailand's cabinet has approved draft legislation to impose a financial transactions tax (FTT) on securities trading in the Stock Exchange of Thailand (SET). The cabinet's decision, which came on November 29, 2022, sets Thailand on a path to repeal a tax exemption that has been in place for over 30 years. If the legislation is ultimately passed, the FTT will be applied to transactions starting in April 2023.

The sale of securities on the SET has been exempt from specific business tax (SBT) since December 1991 in an effort to promote trading on the secondary market and boost the domestic economy. The draft legislation approved by the cabinet in November 2022 aims to repeal the SBT exemption on securities trading on the SET and impose an FTT, which is a kind of SBT imposed on a specific commercial transaction. It is an indirect and transactional tax (similar to a sales tax) and is imposed on gross receipts, not on value added at each stage of manufacturing, trading, or

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Thailand Preparing To Tax Securities Transactions

Related Articles

Know Your Supplier: Protecting Input VAT In Thailand’s Digital Economy

New Investment Incentives For Thai-Foreign Auto Parts Joint Ventures

Thailand Ties Data Center Tax Breaks To Workforce And Supply Chain Development

Thailand Entry Playbook (Part II) BOI, IEAT And EEC Incentives And Privileges Demystified

Tax And Legal Implications Of Engaging Freelancers For Businesses In Thailand

Read more about

Related Comparative Guides

Tax Disputes

Tax

See more popular content from

The Revenue Department Has Adjusted The Criteria For Collecting Taxes From Income Sources Outside Thailand (Part 2)

Thailand's Tax Policy Shift: Change In Foreign Source Income Tax Treatment For Thai Tax Resident

Thailand Consolidates Its Excise Tax Laws While Introducing New Rates

Tax And Legal Implications Of Engaging Freelancers For Businesses In Thailand

Thai Revenue Department Issues Additional Guidance On Foreign Sourced Income Rules

Thailand Offers Income Tax Exemption On Cryptocurrency Capital Gains

Know Your Supplier: Protecting Input VAT In Thailand’s Digital Economy

New Investment Incentives For Thai-Foreign Auto Parts Joint Ventures

Corporate And Debt Restructuring In Thailand

Personal Income Tax On Foreign-Sourced Income Brought Into Thailand By Thai Tax Residents

Vietnam’s New Forced-Labor Import Ban: How Should Businesses Respond?

Thai Consumer Protection Overhaul To Address Digital Commerce And Influencer Marketing

Thailand Raises Minimum Wage For Bangkok And Certain Businesses Nationwide

Thailand Releases New Draft PDPA Guidance On Lawful Bases And Marketing

Thailand Postpones Employee Welfare Fund Contributions

Thailand Tightens Enforcement Against Nominee Land Ownership By Foreign Nationals

Thailand Advances National Policy Framework For Data Centers

Vietnam’s New Drug Registration Regulations To Reduce Administrative Burden

Thailand Opens Certain Services And Other Activities To Foreign Business

Myanmar Cybersecurity Law Takes Effect