News
Thailand’s New Land and Building Tax Act
In March 2019, the Thai government introduced the new Land and Building Tax Act B.E. 2562, which has been in effect since January 1, 2020.The Act obligates individuals, corporate entities, or any beneficiaries of land or buildings, to pay land and building tax. The new ...
Ayman Falak Medina
Filing for land tax to be delayed until August
Although the land and building tax will be implemented at the beginning of next year, tax filing for the measure will be scheduled for August instead of April because of some uncompleted organic laws, says the Fiscal Policy Office (FPO).The Interior Ministry, which shares responsibility ...
Wichit Chantanusornsiri
New land and building taxes will not increase tax rates, says Treasury Department
The Treasury Department has reassured that a new method for appraising land and buildings will not result in higher land and building tax rates as several parties have suggested, while the Fiscal Policy Office (FPO) estimates about Bt40 billion per year in additional government revenues ...
The Nation Reporter
