Published by
The Bangkok Post
The Bangkok Post
The Stock Exchange of Thailand has warned that the Ministry of Finance’s plan to reintroduce a 0.1% tax on share sales may significantly affect the bourse’s liquidity and slow economic recovery. The bourse said the 0.1% levy was set in 1991 and was proportionate to the average brokerage fee of around 0.5% at that time. However, as the brokerage industry has become more competitive, the average commission rate significantly dropped and currently stands at only 0.08%. If the government imposes a 0.1% sales tax on top of 0.01% local tax, the ratio between the commission fee and the tax will be 0….