Thailand's Land and Buildings Tax Proposal
On 21 March 2017, the Thailand Government approved an amended draft of the proposed new Land and Buildings Tax Act. This Tax Insight has been updated for the amendments.
The Land and Buildings Tax Proposal
On 7 June 2016, the Government approved a drafted Act for introducing a new Land and Buildings Tax to replace the current House and Land and Local Development Taxes. This Tax Insight summarizes the drafted Land and Buildings Tax Act.
Land, buildings and condominium units.
The property's appraised value for the registration of rights under the Land Code.
Proposed Tax Rates
The proposed tax rates for the 2018 tax year (payable in April 2019) are as follows:
The transitional provisions will prescribe that the House and Land Tax Act and the Local Development Tax Act, which will be repealed by the new Land and Buildings Tax Act, shall remain in force for collections and refunds of tax that are payable or refundable before the date of commencement of the new Land and Buildings Tax Act.
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.