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On December 20, 2022, Thailand’s cupboard authorized draft
laws offering additional Land and Constructing Tax reductions of
15% in 2023, on high 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 sorts within the
desk beneath.
Furthermore, in early December, Thailand’s Ministry of Inside
promulgated an announcement extending the deadline for tax
evaluation notification and tax cost (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 beneath.
The Land and Constructing Tax is a property tax collected yearly,
with charges various primarily based on the aim of use—agricultural,
industrial, industrial, or residential. Homeowners or possessors of
land or buildings are answerable for Land and Constructing Tax, which is
computed primarily based on the formally appraised worth of the
property.
The content material of this text is meant to offer a normal
information to the subject material. Specialist recommendation needs to be sought
about your particular circumstances.
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