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Thailand Introduces New Land and Building Tax

|Approved Changes|Thailand
Thailand

On 12 March 2019, Thailand published in the Official Gazette the Land and Building Tax Act B.E. 2562 (2019), which will apply from 1 January 2020 and replaces prior legislation and decrees on the taxation of such property. Under the new Act, both individuals and legal entities with ownership, possessory, or usage rights over land or buildings, including apartment units, will be subject to the …

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