"We plan to discuss a tax draft, precluding exemptions for plots located in the special economic zone," Mr Kanit said. In July 2018, the cabinet approved a draft bill on the land windfall tax, a levy on inflated property prices driven by transport infrastructure projects. A draft bill on the land windfall tax caps the ceiling at 5% of the inflated price, but the applicable rate will be decided later. Mr Kanit said the office will talk with local villagers and administrative offices in the EEC provinces to allocate tax collection under the windfall gains tax draft as part of the local development budget in the future. "Moreover, two of the five projects are pending rulings by the Administrative Court over disputes between bidders and the EEC Office."

Source: Bangkok Post May 17, 2019 23:03 UTC