Real Estate
Thai Cabinet to discuss land and empty building taxes
In a bid to prevent speculation on land and to increase tax revenue for the government, the Cabinet on Tuesday will discuss its plan to collect taxes on empty land and buildings, Finance Minister Korn Chatikavanij said Friday.
Thailand’s Ministry of Finance earlier conducted studies and gathered opinions from several sectors before opting to proceed with collecting taxes, Mr Korn said.
If implemented the land tax will help promote justice in society, as taxes collected by the government presently come from personal income, value-added tax and corporate taxes while tax collection from property is still minimal.
via Thai Cabinet to discuss land and building taxes.
Lifestyle
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)Property
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
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