Reduction of land and building tax by 90% for 2021
Keywords: Mazars, Thailand, Tax, Royal Decree, COVID-19, Land and Building Tax Act
22 February 2021
Under the draft Royal Decree, tax on the following land and buildings shall be reduced by 90% of the amount calculated under the Land and Building Tax Act, B.E. 2562:
- Land or buildings for agricultural use
- Land or buildings for residential use
- Land or buildings for uses other than under points 1 and 2
- Vacant or unused land or buildings
Therefore, owners of the above land or buildings are required to pay only 10% of the land and building tax due for 2021.