The BoT governor said it supports the government considering a specific business tax on gold transactions, with gold shops required to report who they sell to and how much. The proposal is at the consideration stage only. Example: at 0.01%, a 70,000 baht gold purchase would pay 7 baht. Gold shop owners should expect more customer-identification and reporting requirements if it proceeds. The BoT already requires reporting for app-bought gold withdrawals over 2 kg and 10 million baht. It is also working with the SEC to close off USDT channels.
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