The Thai Government recently published in its Royal Gazette the new Land and Building Tax Act B.E. 2562 (2019), thus replacing the rather outdated House and Land Tax B.E. 2475 (1932).
Under the new Act, individuals or companies with ownership and/or rights of use over lands and buildings (including condominium units) as at 1st January of each year shall pay a Land and Building Tax to their local district office within April of each year.
The official assessed price of the land, building, or condominium unit, as determined by the government authority for the purpose of collecting registration fees under the current Land Code, will be used as the basis for calculation of the land and building tax.
Residential tax rates
|Category of Land||Legal Ceiling Rate (%)||Appraisal Value (THB)||Applicable Rate (%)|
|Residential||0.3||0 – 50 million|
> 50 – 75 million
> 75 – 100 million
> 100 million
Residential Tax exemptions
Tax exemption for first home buyers for owners of both land and home worth up to THB 50 million and if owner’s name appears on house registration book
Tax exemption for owners of home (not land) worth up to THB 10 million and if owner’s name appears on house registration book
Agricultural land tax rates
|Category of Land||Legal Ceiling Rate||Appraisal Value (THB)||Applicable Rate (%)|
|Agricultural||0.15 %||0 – 75 million|
>75 – 100 million
>100 – 500 million
>500 – 1,000 million
> 1,000 million
Tax exemption for lands worth up to THB 50 million owned by individuals
In addition, individual owners who use the land, or building, for agricultural purposes will be exempt for the first three years of tax collection under the Act.
The tax collection shall be effective 1st January 2020.
Sexual Harassment still plagues the workplace in Thailand
A survey of 1,153 women in Bangkok and its surrounding areas found that 22.9% of respondents had experienced sexual harassment in the workplace
The United Nations’ survey in 2019 found that one third of UN staff and contractors have experienced sexual harassment over the past two years, and that two thirds of those offenders were men.(more…)
Thailand remains in Tier 2 for human trafficking
The US released the 2019 Trafficking in Persons (TIP) report saying the Thai government demonstrated overall increasing efforts compared to the previous reporting period
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...