Thailand Considers New Gold-Tax Measures

Thailand’s government is preparing to discuss proposed tax measures with the Gold Traders Association as part of a broader effort to tackle illicit financial activity.

Gold plays an important role in Thailand’s investment culture, retail economy and currency market. Any change affecting transactions, reporting requirements or investor costs could therefore have a wide impact on traders, jewellery businesses and ordinary Thai investors.

The final structure has not yet been announced, making this week’s consultation important. Businesses should avoid speculation and monitor the official proposal before making changes to their investment strategies.

Credit Source: Reuters

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