Tax Incentives to End for the Property Sector
According to the Bangkok Post the deputy finance minister Pradit Phataraprasit announced that the tax incentives for property will end on March 28, 2010.
This means that transfer tax will go back up to 2% of assessed value from 0.01%.
Certain vendors including property developers will pay 3.3% specific business tax up from 0.11%. Mortgage registration will increase [...]





