The Thai Ministry of Finance has issued a release announcing that the Cabinet approved a resolution on 10 May 2022 to provide tax exemptions on the transfer of real estate by companies and juristic partnerships to Real Estate Investment Trusts (REITs) under buyback arrangements. This includes exemptions from corporate income tax, VAT, specific business tax, and stamp duty, which is meant to help address liquidity issues of business through the use of existing real estate assets to raise funds. The exemptions will apply for companies and juristic partnerships on the sale of real estate to a REIT within two years...