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PROPERTY TAX UPDATE Thai Cabinet Moves Bill Forward

Category: Real estate, Posted:07 May 2010 | 06:00 am

Taking the initiative despite current unrest amongst factions, the Thai Cabinet has given its broad approval to the Finance Ministry's draft but asked that public hearing be held. Two issues at the core which remain highly charged are those of rates for tax and exemptions.
Moving forward back of the hearings will be a review by the Council of State on legal implications and then the law needs to go before Parliament. While the timeline remains a moving target its widely expected that the process remains long meaning 1-2 years for the final law to go into place and then another 1-2 years to see it implemented hence this remains a long term objective.
Fueling the urgency of the bill is the Government's position that the new tax would provide needed revenue to assist those below the poverty line and narrow the gap between the nations rich and poor.

Other News

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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 […]
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Phuket International Reopening Next Week

Category: Tourism, Posted:30 Sep 2020 | 09:33 am The resort island of Phuket is preparing to welcome 120 Mainland Chinese overseas travelers from Guangzhou next week on October 8th. As per government guidelines, the visitors will stay in Alternative Local State Quarantine (ALSQ) hotels for 14 days. According to news sources and the Phuket public health office, there are presently nine hotels approved […]