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Thailand Finance Ministry Reviews Property Taxes.

Bangkok Post (Bangkok, Thailand)

| December 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Dec. 4--The Finance Ministry is reviewing property taxes to make the structure more appropriate for homebuyers, according to a ministry source.

The ministry has set a long-term plan to comprehensively review the tax burden on homebuyers, who currently have to pay several types of taxes such as the specific business tax, personal income tax, mortgage registration fee, transfer fee and household tax.

The source said the current steep reductions of the specific business tax, registration and transfer taxes were unlikely to be extended as the overall economy and the property business have recovered to the point where ...

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