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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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The Future of Virtual Versus In-Person Hotel Events

Category: Hotels, Posted:25 Sep 2020 | 13:48 pm C9 Hotelworks and QUO have put together a short survey we hope you will take. As we look to the future of events for the hospitality and tourism sectors, we’re curious to understand more about your expectations and appetite. How far will you be willing to travel (if at all)? What subjects will you be […]
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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

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