A condominium rises along an elevated mass transit project. (Photo: Pattarapong Chatpattarasill)
The Finance Ministry plans to dust off the land windfall tax law as part of the country’s reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.
The Fiscal Policy Office drafted the law, which was approved by the cabinet in 2018. The draft has not been developed since then.
Mr Krisada said the law will be implemented at an appropriate time.
The tax applies to landowners who benefit from inflated land prices following the development of transport infrastructure near their…
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