On 19 July 2022, the Thai Revenue Department published Royal Decree 753, which provides for the implementation of the tax exemptions on the transfer of real estate by companies and juristic partnerships to Real Estate Investment Trusts (REITs) under buyback arrangements, which were approved by the Cabinet in May 2022. As previously reported, this includes exemptions from corporate income tax, VAT, specific business tax, and stamp duty, which is meant to help address liquidity issues of businesses through the use of existing real estate assets to raise funds. The exemptions apply for companies and juristic partnerships on the sale of...