Land and building tax collection to tally B43bn this yearAn aerial view of land and properties in Bangkok. The capital has completed 99.4% of its land usage assessments, covering 2.1 million plots of land, 2.2 million houses and 1 million condo units. (Photo: Wichan Charoenkiatpakul)The Finance Ministry expects collection of the land and building tax this year to total 43 billion baht, 8 billion higher than last year as the tax discount is discontinued. According to Mr Lavaron, as this tax collection and its revenue belong to local governments, local administrative organisations must survey land usage because different types of land usage are subject to different tax rates. Bangkok has completed 99.4% of its land usage assessment, covering 2.1 million plots of land, 2.2 million houses and 1 million condo units, he said.

Source: Bangkok Post May 29, 2024 11:05 UTC