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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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Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
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BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
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