TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

NEW PROPERTY TAX REFORM Wake Me Up When It's Over

Category: Real estate, Posted:29 Dec 2009 | 06:00 am

Shades of Wham here but in what is no doubt one of the most controversial legislations before the Thai Government looks to be an uphill battle for both approval and then implementation. The Finance Ministry's draft policy has already been submitted and is widely thought to have a chance to pass into law next year.
A ramp up period has been estimated by many to be in excess of 24 months once approval has been granted and implementing guidelines issued. At the heart of the controversy is the tax system which would target large and wealthy landowners of undeveloped land. There remain many issues such as the basis of valuation and appraisals, low income exemptions and agricultural property.
Though the tax will increase collections by billions of baht there continue to be many special interest groups and factions which oppose the draft either in part or principal. This looks set to be an ongoing developing story.

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]