Real estate developers are calling for an extension of the 90% reduction in the rate of the land and building tax as the impact on the sector remains severe.
Issara Boonyoung, chairman of the committee on real estate development at the Thai Chamber of Commerce, said there was some confusion over maintaining the land and building tax for another two years which was announced in December last year.
“Many people misunderstood that maintaining the land and building tax rates was about a 90% reduction which the government previously offered in 2020. But actually, it means maintaining the rates for tax calculation which ranged from 0.01-0.7%,” he said.
The Joint Standing Committee on Commerce, Industry and Banking…
