Finance Ministry to Discuss Online Gold Trade Tax with Gold Assoc

Post Today•Economy•14h ago

Reader Briefing

The Ministry of Finance is studying measures to monitor online gold transactions and potentially introduce a specific business tax to prevent money laundering by grey capital groups.

•Lavaron Sangsnit, Permanent Secretary of the Ministry of Finance, will chair a meeting with the Gold Traders Association on August 27, 2026.
•The Ministry of Finance is focusing on non-physical delivery online gold transactions and imported gold used for speculation rather than processing.
•The proposed measure involves using a specific business tax to enable the government to track gold trading transactions.
•The initiative follows findings from the Data Bureau and financial transaction monitoring teams regarding risks of fraud and grey capital.

Overview

•Lavaron Sangsnit will chair a discussion with the Gold Traders Association on the afternoon of August 27, 2026.
•The Ministry of Finance found risks that gold trading, especially online transactions without physical delivery, could be used by grey capital for money movement.
•Ekniti Nitithanprapas assigned Lavaron Sangsnit to discuss gold transaction tax guidelines with the Gold Traders Association.
•The Ministry of Finance is considering a specific business tax as a tool to track transactions, though the specific format and rate are not yet concluded.
•Ekniti Nitithanprapas stated the goal is to design a system for transaction tracking aligned with international standards, not to generate high tax revenue.
•The Gold Traders Association previously discussed these matters with the Bank of Thailand.
•Ekniti Nitithanprapas emphasized that measures must not excessively impact the gold industry or Thailand's ability to be a gold trading hub.
•Dr. Kritcharat Hiranyasiri of MTS Gold stated the Gold Traders Association wants the government to understand the role of gold in the economy and avoid measures that harm the industry.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Entities

Person

Lavaron Sangsnit(ลวรณ แสงสนิท)

Permanent Secretary of the Ministry of Finance.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Kritcharat Hiranyasiri(กฤชรัตน์ หิรัณยศิริ)

Chairman of the MTS Gold Group of Companies.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body studying guidelines to regulate online gold trading and implement tax measures.

Gold Traders Association(สมาคมค้าทองคำ)

An industry association discussing the impact of gold taxation with the government.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The central bank that previously held discussions with the Gold Traders Association.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

An organization working with the Bank of Thailand to monitor risky transactions, including digital assets.

MTS Gold(เอ็มทีเอส โกลด์ แม่ทองสุก)

A gold company group whose chairman is part of the Gold Traders Association.

Policy

Specific Business Tax(ภาษีธุรกิจเฉพาะ)

A tax measure being considered by the Ministry of Finance to monitor gold transactions.