A draft bill on land and property tax will be presented to the cabinet for consideration in August, Finance Minister Korn Chatikavanij said on Friday.
If approved it would go to the parliament. The govenment would then spend at least one year explaining to the people how the land and property tax would be collected, before it was implemented, he said.
Mr Korn said in the principle behind the land and property tax was to encourage people to make the most use of their land.
The minister used his own declared assets as an example.
He had asked the the Fiscal Policy Office to calculate how much tax he would have to pay on his land if the bill was passed into law.
The office told him that he would have to pay 860,000 baht per year. This made him think that he should sell some land which was lying unused.
Mr Korn said the government has no plans to propose an inheritance tax at this time.
Source: Bangkok Post
Govt to go ahead with land tax
Govt to go ahead with land tax
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sandman67
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how long does it take to say "only from people who dont pay us massive bribes" in Thai?The govenment would then spend at least one year explaining to the people how the land and property tax would be collected
"Science flew men to the moon. Religion flew men into buildings."
"To sin by silence makes cowards of men."
"To sin by silence makes cowards of men."