Thailand’s Finance Ministry has said it has yet to draw any final conclusions regarding the new property tax law, with clarity expected to be derived no sooner than July.
Finance Minister Sommai Phasee chaired a meeting of the tax reform committee on Wednesday in which several topics of discussion related to the property tax policy were raised, however no conclusion was reached.
The committee is set to convene at the end of April after further studies are conducted, and all the results are ready to be shared among all members.
Sommai said that once the final details of the property tax policy are ready, they will be passed to academics, educational institutions and related individuals and parties to review and exchange ideas.
He expects this process to be concluded within four months – after which he said all details will be submitted to the Cabinet for consideration.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
