BANGKOK, Oct 13 (Reuters) - Thailand's Revenue Department is considering a tax on speculative capital inflows to give the government a tool for regulating foreign funds that have pushed the baht to 13-year highs, the Bangkok Post said on Wednesday.
The paper quoted Revenue Department chief Satit Rungkasiri as saying, however, that the tax would take time to be implemented as it had to go through the normal legislative process.
"It doesn't mean that a tax must be imposed immediately. The law will simply serve as a framework giving the government the authority to act as necessary," he said.
Many other countries had levied a 2 to 4 percent tax on short-term foreign funds to deter currency speculation, Satit said.
The report came a day after Thailand announced it would impose a 15 percent withholding tax on interest and capital gains earned by foreign investors on Thai bonds, the latest bid by an emerging economy to tame its currency. (Reporting by Vithoon Amorn; Editing by Robert Birsel)