New Land and Building Tax Act Approved
On 16 November 2018, the National Legislative Assembly approved the final draft of the Land and Building Tax Act (New Property Tax Act). The New Property Tax Act will come into force on 1 January 2020, replacing the current property tax system under the House and Land Tax Act B.E.2475 (House and Land Tax Act) and the Local Development Tax Act B.E. 2508 (Local Development Tax Act).
By Praphan Phichaiwatkomol and Keerada Rungtanakiat © December 2018