Land and Building Tax for 2022-2023 will be kept at the same rate but not reduced by 90%
Thailand has implemented the Land and Building Tax Act B.E. 2562 (A.D. 2019) (the “LBTA”) to replace Household and Land Tax Act, B.E. 2475 (A.D.1932). The LBTA came into effect on 13th March 2019 while the payment under this LBTA is required from 1st January 2020, onwards. According to the Royal Decree on Land and Building Tax Reduction (No. 2) B.E. 2564 (2021), it reduces land and building tax payments by 90% in 2021 for the following types of land and buildings:
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Land or building used for agricultural purposes;
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Land or building used for residential purposes;
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Land or building used for other purposes; and
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Vacant or unused land or building.
No. |
Purpose of Use of Properties |
Tax Rates |
1 |
Agricultural Purpose |
0.01% – 0.1 % |
2 |
Residential Purpose |
0.03% – 0.1%(Land and building owned by an individual whose name is registered in the house registration book.) |
0.02% – 0.1%(Building owned by an individual whose name is registered in the house registration book.) |
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0.02% – 0.1%(Land and Buildings other than the above conditions.) |
Legal Insight Vol. April 2022 of Bangkok Global Law
The PDF file can be downloaded via the link as set below.