Thailand to tax stock trading, 0.05% levy for starters in 2023

Thailand will levy a tax on stock transactions for the first time in more than 30 years as the Southeast Asian nation taps new revenue streams to fund post-pandemic recovery measures. 

A levy of 0.05% will be imposed on stock trading next year, before it’s raised to 0.1%, according to a finance ministry statement. Some investors such as market-makers and pension funds will be exempted from the tax, the ministry said.

The transaction tax was approved by the cabinet on Tuesday and will come into effect 90 days after it’s notified in the Royal Gazette. The country had waived the tax in