The imposition of the financial transaction tax on share sales by individual investors might be delayed because of opposition from the Federation of Thai Capital Market Organizations (Fetco), says Finance Minister Arkhom Termpittayapaisith.
He said the Secretariat of the Cabinet recently sent back the draft law to the ministry for reconsideration following opposition from Fetco. This prompted the ministry to set up a team to consider Fetco's proposals for the law.
Mr Arkhom said he could not predict whether the law would come into force as expected by the middle of this year.
