Capital Gain Tax

[RogueExpat]

Does anybody know if you have to pay a Capital Gain Tax on shares traded at the SET?

Thanks in Advance,

Rexpat.

[Riley'sLife]

I believe that there is no specific tax (i.e. Capital Gains Tax)levied in Thailand. Any such gains would form part of one's annual income and would be dealt with accordingly. It is, however, your responsibility to declare such income to the Thai Tax authorities in the same way that all Thai Nationals obviously do.

[wordchild]

As a concession the gains on shares traded on the SET are not usualy subject to CGT, provided that the trade was transacted through the SET. (eg not direct to a buyer offshore which was one of the things that caught out Thaksin) . The gains on other types of assets can be subject to CGT.

Edited August 23, 2010 by wordchild

[bjohn34]

There is no Capital Gains Tax for shares traded on the SET and profits from SET trades are exempt from Thai personal income tax.

Edited August 25, 2010 by bjohn34