Hope of passing a land and building tax bill in Thailand will have to be postponed until the next government, according to a report in the Bangkok Post newspaper. Finance minister Korn Chatikavanij had vowed to pass the law since the beginning of the Abhisit Vejjajiva administration, but he recently…Continue reading
Supalai Plc chairman and CEO Prateep Tangmatitham says there was clearly a negative influence on the property market from November last year to January 2009, when political confrontation reached boiling point, and he expects this year’s performance to hinge on political stability as well as economic recovery. Continue reading
Prime Minister Abhisit Vejjajiva recently made a pledge to push forward the controversial land and inheritance tax legislation for passage in the House. The plan is bold indeed. Previous governments had planned to move ahead with the land and inheritance tax bill but they never managed to make it materialise. Continue reading
It will take at least two years to implement a new property tax once the government introduces legislation for it, says a Treasury Department official. Continue reading