The central bank and Finance Ministry are discussing a transaction tax on gold trading, possibly 0.01% of value (7 baht on a 70,000 baht trade). The stated aim is tracking buyers and sellers against money laundering, not raising revenue. Officials are still hesitant about hurting the domestic gold trade, and no law is drafted yet. Current rules: personal gold bought from a gold shop for savings is exempt from income tax and VAT, but frequent app-based trading for profit may be taxed as income, and the making charge on jewellery remains subject to VAT. Gold shops and gold-app users should keep clean purchase and sale records and watch for the draft legislation.
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