New Land and Building Tax Act B.E. 2562 in Thailand

Published On - 26 mars, 2019

Albert Hui Actu Orbis, Thailand

The Thai Government recently published in its Royal Gazette the new Land and Building Tax Act B.E. 2562 (2019), thus replacing the rather outdated House and Land Tax B.E. 2475 (1932). Under the new Act, individuals or companies with ownership and/or rights of use over lands and buildings (including condominium units) as at 1st January of each year shall pay a Land and Building Tax to their local district office within April of each year and according to the following tax rates:

Category of Land Legal Ceiling Rate (%) Appraisal Value (THB) Applicable Rate (%)
Residential 0.3 0 – 50 million

> 50 – 75 million

> 75 – 100 million

> 100 million

 0.02

0.03

0.05

0.1
Tax exemption for first home buyers for owners of both land and home worth up to THB 50 million and if owner’s name appears on house registration book

Tax exemption for owners of home (not land) worth up to THB 10 million and if owner’s name appears on house registration book
Agricultural 0.15 0 – 75 million

> 75 – 100 million

> 100 – 500 million

> 500 – 1,000 million

> 1,000 million

 0.01

0.03

0.05

0.07

0.1
Tax exemption for lands worth up to THB 50 million owned by individuals
Other (ex: Rental) 1.2 0 – 50 million

> 50 – 200 million

> 200 – 1,000 million

> 1,000 – 5,000 million

> 5,000 million

 0.3

0.4

0.5

0.6

0.7
Undeveloped/Unused Land 1.2 0 – 50 million

> 50 – 200 million

> 200 – 1,000 million

> 1,000 – 5,000 million

> 5,000 million

 0.3

0.4

0.5

0.6

0.7
Rate will increase by 0.3% every 3 years until it reaches 3%

The tax collection shall be effective 1st January 2020.

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