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INVESTOR ALERT Property Tax Initiative Postponed

Category: Real estate, Posted:17 Jan 2011 | 06:00 am

Thailand's Finance Ministry has announced that the controversial land and building tax has been shelved until after this year's planned elections.
Prime Minister Abhisit Vejjajiva's administration had meant this intended legislation to pass either late last year or early 2011 but clearly political machinations at present make it a secondary concern.
While the tax would have brought substantial revenue into the government coffers, the issue of decreasing the widening gap between the nations's rich and poor continue to stimy political factions.
For landowners who continue to bank large blocks of undeveloped land the news comes with a sigh of relief.

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]