Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
InfoQuest

A 90 percent cut on land and building tax ahead, says Thai PM

June 04, 2020


Abstract : The cabinet has approved today a royal decree on the cut of the tax on land and buildings by 90 percent of the amount due for the 2020 tax year, said Thai Prime Minister and Defense Minister Prayut Chan-o-cha.

InfoQuest (June 3, 2020) -- The cabinet has approved today a royal decree on the cut of the tax on land and buildings by 90 percent of the amount due for the 2020 tax year, said Thai Prime Minister and Defense Minister Prayut Chan-o-cha. If the rates under the new Land and Building Tax Act were imposed, there would be a heavy burden on people who have already suffered a lot due to COVID-19. Therefore, the cabinet decided to cut tax rates and extend payment deadline till August 2020 as a makeshift way of relieving people's burden.

But this policy may land local governments who rely on the collection of land and building taxes for their own expenses in a tight spot, so further discussion on how to put it in place properly will ensue.

Source: InfoQuest, by Tanit Tongnok / Sasithorn, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Thailand land tax

Reading:

Global auditing firm KPMG opens new office in east China

China to further propel regional powerhouses forward this year, new infrastructure underway

China's island province Hainan reaches out to potential global investors

China to further lower logistics costs to aid recovery

NetEase to list in Hong Kong on June 11

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial