Thailand: Land, Building Tax Draft Considered

Sourced From: http://www.loc.gov/law/foreign-news/article/thailand-land-building-tax-draft-considered/

(Sept. 5, 2017) Thailand is considering changes to its land and buildings tax, including a provision to allow local authorities in the future to appraise property values. The current system in which sometimes rental income is used to determine tax liability will be ended.  A draft bill on the subject, prepared by the Council of State, was previously approved in principle by the National Legislative Assembly on March 31, 2017.  Consideration of the draft legislation by the Assembly w…

Sourced From: http://www.loc.gov/law/foreign-news/article/thailand-land-building-tax-draft-considered/

(Sept. 5, 2017) Thailand is considering changes to its land and buildings tax, including a provision to allow local authorities in the future to appraise property values. The current system in which sometimes rental income is used to determine tax liability will be ended.  A draft bill on the subject, prepared by the Council of State, was previously approved in principle by the National Legislative Assembly on March 31, 2017.  Consideration of the draft legislation by the Assembly w…

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