Skip to main content

Legal Update

Extension of Reduced Fees and Tax on Property Sale

30 December 2008
Mayer Brown Legal Update


The Cabinet of Thailand approved a one-year extension of reduced government fees and specific business tax (SBT) on the sale of immovable properties to energise Thailand's real estate sector. 
Full Update

Earlier this year, the Cabinet approved a reduction of the government fees and SBT as detailed in our previous Client Alert entitled "Thailand reduces government fees and specific business tax on the Sale of Property". 
The reduced rates were originally to expire on 28 March 2009.
However, the Ministry of Finance reported that the  reduction of government fees and SBT has helped revitalised investment in Thailand's real estate sector. This prompted the Cabinet to pass a resolution on 2 December 2008  extending the application of the reduced rates on the registration of  immovable properties until 28 March 2010.  

For further information, please contact:
Araya Akomsoonthorn ( )
Chawatak Ardnaseaw ( )
Learn more about our Bangkok office, Real Estate and Tax practices.

The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.