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%.
