Change in tax base
Keywords: Mazars, Thailand, Tax, Revenue code, Immovable Property, Personal Income Tax
6 December 2016
However, in the Cabinet meeting on 18 October 2016, the government approved a draft act to amend the Thai Revenue Code. According to this draft act, where ownership or the right of possession to immovable property is transferred, the selling price or the appraised value used for collecting registration fees under the land law on the date of transfer, whichever is greater, shall be assessable for personal income tax purposes.