Bloomberg Tax
Jan. 26, 2021, 9:42 AM

Thai Cabinet Approves to Extend Cut in Land, Building Taxes (1)

Suttinee Yuvejwattana
Suttinee Yuvejwattana
Bloomberg News
Randy Thanthong-Knight
Bloomberg Editorial

Thai cabinet has approved the extension of reduction in land and building taxes for another year to ease financial burden on people during the Covid-19 outbreak.

  • The 90% reduction in land and building taxes this year will lead to a revenue loss of about 41.4b baht, according to government spokesman Anucha Burapachaisri
  • The government has also approved the extension of reduction in transfer and mortgage fees from 1%-2% to 0.01% for residential properties not exceeding 3m baht
  • It approves extending personal income tax filing deadline via internet by 3 months to the end of June
    • Approves extension of deadline for ...

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