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New Inheritance Tax May Hit Foreigners

Category: Real estate, Posted:10 Dec 2014 | 06:00 am

While Thailand looks to usher in a new property tax regime next year, subject to cabinet approval, foreign residents are anxiously watching the upcoming inheritance tax regime.
Still in the draft stages, the bill includes foreigners who are domiciled in the country for three years.
There is a waiver though for the surviving spouse after a husband or wife passes away, but children would not be exempt.
As it stands the tax would stand at 10% for amounts over THB50 million.Though the tax code in the opinion of most needs revision, expatriates have expressed concerns over the revisions coming in the FBA (Foreign Business Act) and now the inheritance issue has surfaced.

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Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]
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Asia’s Largest Hotel Investment Conference Next Week

Category: , Posted:16 Oct 2020 | 15:28 pm HICAP, Asia’s biggest hotel investment event of the year is set for next week in a 3-day virtual format. Scheduled for 21st to 23rd October, this is the first year the conference will be live online and not in person, in Hong Kong. C9 Hotelworks Bill Barnett will be moderating a special Thailand panel of […]
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Funkytown – Inside the Cultural Melting Pot

Category: Tourism, Posted:14 Oct 2020 | 09:24 am Join C9 Hotelworks and Delivering Asia Communications on Tuesday 20th October, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong for a special one-hour virtual event about the latest trends  in urban Bangkok and the latest from Phuket Town. Registration is free here. Ready, steady, go, straight down the urban rabbit hole of funkytown. Tripping down […]