PROPERTY IN THAILAND Part 26 Property taxes | Bangkok Post: news

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PROPERTY IN THAILAND Part 26 Property taxes

  • Published: | Viewed: 1,416 | Comments: 0
  • Newspaper section: Spectrum
  • Writer: James Finch & Nilobon Tangprasit
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Are there property taxes in Thailand? If so, why isn't everybody paying them? 

Property taxes are taxes one pays to the government periodically just because one owns property.

The property taxes that exist now are inconsistent and do not provide the government with what it considers to be adequate revenue. There are two important bases of property taxation at present. First, there is the Act on House and Land Tax, BE 2475 (1932). This law taxes rental income or assessed rental income on property at 12.5%. If the tax is not paid there is a penalty of:

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