over the past week

sales taxation

Become the talk of the town in the Thai stock market circle.

both opposing and agreeing

and see it as a New Year's gift for 2023 for stock players

Although the approval voice is not as loud as the opposing voice

but the Ministry of Finance

Must go ahead with collecting tax on sales of shares as approved by the Cabinet (Cabinet) with senior executives of the Ministry of Finance coming out to confirm the strong voice.

Proceed to collect sales tax on shares according to the plan set out.

Beginning with

Minister of Finance, reiterated that the collection of tax on the sale of shares has already been approved by the Cabinet, the Ministry of Finance.

must continue to proceed

which has already explained the necessity and principles of tax collection to all parties

both create fairness in the tax system

and reforming the country's tax structure.

restructuring of state income

Because the state's current income is lower than the gross domestic product (GDP), with the country's GDP value at 17 trillion baht.

during the COVID-19 crisis

Money has been used to help and heal many people.

Make the proportion of income in 2021 at 14.9% of GDP.

Therefore, the Ministry of Finance

Which is responsible for the income of the state must move forward according to the 5-year income financing plan to increase the income proportion to 16% of GDP in order to create sustainability and fiscal stability.

Next,

Secretary of the Ministry of Finance

Reinforces that stock players, whether trading stocks

or trade stocks in any country

Must pay tax on stock trading in every country

Because every country collects the same stock tax.

The only difference is the storage rate only.

As for

Director-General of the Revenue Department, said that collecting sales tax on shares is not new, only that the Ministry of Finance has exempted it for 30 years and now is the right time to collect it.

Because the total market value

(Market cap) from that day 900,000 million baht increased to 20 trillion baht, which increased 22 times and still more than the country's GDP, which was 17 trillion baht.

However, collecting tax on sales of shares

Consistently discussed with the capital market stakeholders and the Capital Market Council.

Discuss with cause and effect, facts, and comparative studies from different countries.

to design the best tax collection

have the least impact

Because it has never been stored for more than 30 years, when stored, there will be an impact.

But believe that it will affect the short term.

which gave 90 days of adaptation time before actual storage and only half of the first year of storage

"Taxation of the sale of shares

to create fairness in the tax system

because other types of investors pay taxes

even deposit

Depositors pay taxes

Buying bonds is taxable.

But why is stock trading not taxable because money is given to work as well?

just different types of investments.”

As for the progress of the draft announcement on the sale of shares tax, it is now

The Office of the Council of State is in the process of examining the draft Announcement on the collection of sales tax in accordance with the law.

when published in the Royal Gazette

has given time to stock investors

Securities company (SEC) or broker

Adapt and prepare for 90 days by declaring that

It is expected to come into effect in May 2023.

The first year of 2023 will be taxed at half 0.055% (including local taxes), from 2024 onwards the full rate will be 0.11% (including local taxes) when combined with the 0.15% brokerage fee and 7% value added tax (VAT). The first will collect a tax of 0.195% and from the year 2024 onwards, Siri, including stock sales tax, will be 0.22%. It is expected that the first year will collect 8,000 million baht in revenue, and the next year will be collected.

16,000-18,000 million baht

current stock market

There are 5 million stock trading accounts, divided into trading accounts ranging from 1-4 days once, about 1 million baht, and the other 4 million accounts are mostly long-term investments.

both waiting for dividends

and invest for long-term savings

The controversial and misunderstood issue is the exemption from collecting sales tax on shares.

until the Ministry of Finance

Must come out and specify the type clearly as follows: 1. Market Maker registered with the Stock Exchange of Thailand

Only for the sale of securities that the person is registered as a market maker of such securities

2. Social Security Office

3. Provident Fund

4. Government Pension Fund

5. Welfare fund under the law on private schools

6. Retirement Mutual Funds

7. National Savings Fund

8. Mutual funds established under the Securities and Exchange Act

To sell investment units in mutual funds to the Social Security Office or funds according to items 3-7 only.

The term

is therefore not a large investor.

Not a big loser, a stock player

Not a single person

but a savings fund

and securities companies acting on behalf of the Fund

and must be authorized by the Stock Exchange of Thailand (SET) only

Therefore, collecting sales tax on stocks

to create fairness, equality in the tax system

Even people who buy government lottery tickets

When you win prizes, you have to pay taxes, so why are people playing stocks not paying taxes!!!

Duangporn Udomthip