{"id":1768,"date":"2019-03-26T10:53:18","date_gmt":"2019-03-26T10:53:18","guid":{"rendered":"https:\/\/orbis-alliance.com\/?p=1768"},"modified":"2020-12-02T11:42:43","modified_gmt":"2020-12-02T11:42:43","slug":"new-land-and-building-tax-act-b-e-2562-in-thailand","status":"publish","type":"post","link":"https:\/\/orbis-alliance.com\/fr\/orbis-news\/new-land-and-building-tax-act-b-e-2562-in-thailand","title":{"rendered":"New Land and Building Tax Act B.E. 2562 in Thailand"},"content":{"rendered":"

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recently published in its Royal Gazette the new Land and Building Tax Act B.E. 2562 (2019), thus replacing the rather outdated House and Land Tax B.E. 2475 (1932).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<\/sup> 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:<\/p>\n\n\n\n\n\n\n\n\n\n\n
Category of Land<\/strong><\/td>\nLegal Ceiling Rate (%)<\/strong><\/td>\nAppraisal Value (THB)<\/strong><\/td>\nApplicable Rate (%)<\/strong><\/td>\n<\/tr>\n
Residential<\/td>\n0.3<\/td>\n0 \u2013 50 million<\/p>\n

> 50 \u2013 75 million<\/p>\n

> 75 \u2013 100 million<\/p>\n

> 100 million<\/td>\n

0.02<\/p>\n

0.03<\/p>\n

0.05<\/p>\n

0.1<\/td>\n<\/tr>\n

Tax exemption for first home buyers for owners of both land and home worth up to THB 50 million and if owner\u2019s name appears on house registration book<\/p>\n

Tax exemption for owners of home (not land) worth up to THB 10 million and if owner\u2019s name appears on house registration book<\/td>\n<\/tr>\n

Agricultural<\/td>\n0.15<\/td>\n0 \u2013 75 million<\/p>\n

> 75 \u2013 100 million<\/p>\n

> 100 \u2013 500 million<\/p>\n

> 500 \u2013 1,000 million<\/p>\n

> 1,000 million<\/td>\n

0.01<\/p>\n

0.03<\/p>\n

0.05<\/p>\n

0.07<\/p>\n

0.1<\/td>\n<\/tr>\n

Tax exemption for lands worth up to THB 50 million owned by individuals<\/td>\n<\/tr>\n
Other (ex: Rental)<\/td>\n1.2<\/td>\n0 \u2013 50 million<\/p>\n

> 50 \u2013 200 million<\/p>\n

> 200 \u2013 1,000 million<\/p>\n

> 1,000 \u2013 5,000 million<\/p>\n

> 5,000 million<\/td>\n

0.3<\/p>\n

0.4<\/p>\n

0.5<\/p>\n

0.6<\/p>\n

0.7<\/td>\n<\/tr>\n

Undeveloped\/Unused Land<\/td>\n1.2<\/td>\n0 \u2013 50 million<\/p>\n

> 50 \u2013 200 million<\/p>\n

> 200 \u2013 1,000 million<\/p>\n

> 1,000 \u2013 5,000 million<\/p>\n

> 5,000 million<\/td>\n

0.3<\/p>\n

0.4<\/p>\n

0.5<\/p>\n

0.6<\/p>\n

0.7<\/td>\n<\/tr>\n

Rate will increase by 0.3% every 3 years until it reaches 3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The tax collection shall be effective 1st<\/sup> January 2020.<\/p>\n

Should you be interested in our services, please feel free to contact us at contact@orbis-alliance.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":8,"featured_media":1769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,134],"tags":[],"class_list":["post-1768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-orbis-news","category-thailand"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t