Thailand’s tax rates to stay for another 2 years
The average tax rate for a single-family home in the United States is 1.1 percent
According to Bangkok Post, Thailand’s cabinet approved to maintain the existing tax rates for land and building for another two years.
Ratchada Thanadirek, a government spokesperson, said the cabinet agreed to taxes for agriculture, residential, and vacant land between 0.01 and 0.7 percent.
These percentages will be reviewed again in 2024.
Comparing to the average property tax rate for a single-family home in the United States, the tax rate there is at 1.1 percent of assessed fair market value.
The Property Report editors wrote this article. For more information, email: [email protected].
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