A revenue department insider has revealed plans for the adoption of the prime minister’s proposal to make changes to the inheritance tax law. The objective of the amendment is to reduce economic inequality, according to the anonymous source.
The source disclosed three key points that form the guidelines for the amendment. The first is the application of the inheritance tax to assets exceeding the value of 100 million baht. There are ongoing discussions regarding the possibility of adjusting this threshold to match future changes in economic conditions.
The second point relates to the need for redefining the types of assets that will be subject to tax, which will be established by royal decrees.
The third point is centred on the tax exclusion of properties willed to the deceased’s spouse. This measure is aimed at alleviating the financial strain on the…
