Mr. Ekniti Nitithanpraphas The Director-General of the Revenue Department revealed that the Revenue Department is in the process of accelerating the study of tax collection from the sale of shares. according to the policy of the Ministry of Finance After 30 years of exemption from storage, however, it must be considered the most appropriate storage method. The Asian Development Bank (ADB) has sent experts to help study guidelines for a tax collection model that meets international standards.
At present, there are 2 forms of stock tax in foreign countries: 1. Collecting from capital gain, which has advantages but difficult to operate. It is more of a burden to the taxpayers. If the Revenue Department operates in this form, new regulations and amendments must be issued and 2. Collect from stock trading transactions. Most of the ASEAN countries store this method.
The approach to collecting tax from stock trading transactions is probably most appropriate for Thailand. In foreign countries, both legs are stored, both selling and buying. But in Thailand, study the collection from the sale of shares on one side only. which the burden is not much The filing rate of 0.1% means that if a share is sold worth 1 million baht, only 1,000 baht will be taxed.
“Will propose all study guidelines to the Minister of Finance for consideration soon. In order to start collecting taxes, you must also look at the stock market condition. I must admit that despite the Covid-19 outbreak in the past 2 years, the Thai stock market has increased indices. And the turnover has increased as well. Therefore, if there is a tax on the sale of shares this year. It should not affect the Thai stock market much.”
Director-General of the Revenue Department said
and stated that the stock tax is not only aimed at income. but also to create fairness in the tax system because it is a payment in the form of a specific business tax At present, commercial banks, insurance companies, real estate trading Must be subject to all specific business tax. not exempt in any way The stock tax is in a specific business category that will be taxed at a rate of 0.1%, but has been exempt for 30 years.
By InfoQuest News Agency (06 Jan. 65)
Tags: Revenue Department, Ministry of Finance, taxes, Thai economy, Ekniti Nitithanpraphat
