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Thai Commerce Official Says State Should Boost Home Sales with Tax Breaks.
Byline: Krissana Parnsoonthorn
Nov. 6--The government should consider extending tax incentives to stimulate the property market for another year, according to Suvarn Valaisathien, a former deputy commerce minister.
The package of tax measures is currently scheduled to expire at the end of this year. It includes a 0.11 percent special business tax (down from the normal rate of 3.3 percent), a 0.01 percent property transfer fee (down from 2 percent), a 0.1 percent mortgage registration fee (down from 1 percent) and a personal income tax break of 50,000 baht on mortgage interest payments (a rise from 10,000 baht previously).
Lost tax revenue could ...
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Source: HighBeam Research, Thai Commerce Official Says State Should Boost Home Sales with Tax...