Thailand’s Prime Minister Proposes a Tax on Land Rent

The new government of Thailand plans to introduce new taxes before the beginning of the new fiscal year, which starts next month.

Prime Minister General Prayuth Chan-ocha said, “Tax collection in this new fiscal year will be broadened to boost state revenue and promote fairness. This will include inheritance and land taxes. This would have a limited impact on low-income earners, while tax benefits that favour the rich will be eliminated.”

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