On December 20, 2022, Thailand’s cupboard permitted draft laws offering additional Land and Constructing Tax reductions of 15% in 2023, on prime of present reductions in tax charges, on some kinds of taxable property. When enacted, the laws will present additional tax reductions just for the property varieties within the desk under.
Furthermore, in early December, Thailand’s Ministry of Inside promulgated an announcement extending the deadline for tax evaluation notification and tax fee (together with by scheduled installments) by one other two months from the earlier statutory deadline of December 20, 2022. The important thing deadline extensions are proven within the desk under.
The Land and Constructing Tax is a property tax collected yearly, with charges various based mostly on the aim of use—agricultural, business, industrial, or residential. House owners or possessors of land or buildings are responsible for Land and Constructing Tax, which is computed based mostly on the formally appraised worth of the property.
