Two Updates on the Land and Building Tax Act

Two Updates on the Land and Building Tax Act

MPG update illustrates two Notifications and a Royal Decree related to the Land and Tax Act B.E. 2562 (2019). On May 29th, 2020, two sets of criteria for categorizing residential and agricultural property under the Tax Act were promulgated in the Government Gazette, while on June 10th, 2020, a Royal Decree was granted to reduce the land and building tax by 90% of the amount calculated under the Tax Act. The discount is only effective for tax payments due in 2020.

Please read the full update HERE.