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Thailand: Land tax teeters

The persistent pandemic crisis at home and abroad is a decisive factor in whether the long-awaited land and building tax, which is the Fiscal Policy Office’s (FPO) brainchild of 25 years, will produce the desired impact or not. In June, the government decided to reduce eligible taxpayers’ burden of the land and building tax by […]

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Thailand: Condo market corrects

After heavy discounts to clear inventory and a sharp decrease in new supply, the Bangkok condo market will likely be in a correction until next year and take a few years to return to normal. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said many developers have offered aggressive discounts for existing completed projects […]

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Thailand: Cabinet okays reopening to tourists, yacht crews

The cabinet on Wednesday approved in principle a guideline to reopen the country for foreign tourists and crews of foreign yachts under a special tourist visa (STV) scheme, which was recently approved by the cabinet to restart the pandemic-battered tourism industry. According to deputy government spokeswoman Traisulee Traisoranakul, the new guideline will become effective within […]

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Thailand: 10m register for purchase co-payment

The half-half co-payment scheme has registered 10 million people, with total accumulative spending tallied at 1.3 billion baht. The half-half co-payment scheme will subsidise registered individuals who make purchases at small shops, with the government subsidising 50% of receipts. The government will pay for half of food, drink and general goods purchases totalling up to […]

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