How a proposed tax on share trading will affect investors

13 Sept 16:44 Key points summarised by AI

Thailand's Finance Ministry is considering a 0.1% Financial Transaction Tax (FTT) on stock sellers to generate revenue and address rising public debt, with a decision pending economic conditions.
The FTT aims to enhance tax justice by imposing a levy on stock transactions, contrasting with the current exemption for capital gains from stock sales, which disadvantages wage earners.
It would apply to sellers, increasing their transaction costs by up to 0.27%, but exempts those trading under Bt1 million monthly, potentially sparing 80% of retail investors.
Concerns exist that the FTT could reduce the attractiveness of the Thai stock market for investors, though the impact on mutual funds remains uncertain.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.