Posted by & filed under Advice, Land, Property, Thailand.

image02Thailand Property Tax 2017

The new Thailand Property Tax law seeks to levy taxes on nationwide property and land according to their use.

Under the new law, which will be enforced by local governments nationwide, a first home valued below at THB 50 million will be exempted from tax, while a maximum 0.5% rate will be applied to a second home or first home appraised above THB 50 million.

A maximum 0.2% rate will be levied on agricultural land and 2% on commercial and industrial land.

Vacant land will be taxed with 5% after the first 3 years it is vacant and if still vacant after the next 3 years it will be taxed 10%.






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