A royal decree regarding Thailand’s land and building tax reduction for 2023 was issued in March. This became official when the Government Gazette published an announcement stating the land and building tax due will be decreased by 15 percent in 2023. Land plots eligible for a previously confirmed 50 percent tax break were eligible for this as well, essentially meaning these plot owners will receive a...
The government recently approved a change to foreign business land ownership regulations in Thailand that grants overseas companies a raft of new rights. These are overseen by the Thailand Board of Investment who handle approval of all land purchases. Firstly, foreign business land ownership regulations in Thailand state the company applying to own a plot must be BOI-approved and have a registered...
by Asia Land For Sale