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Posted: 25 Feb 2010 | 12:06 pm
One of the Thai Government's leading economic stimulus packages, the property tax incentive will not be renewed according to the Cabinet. Expiring on March 28th SBT (specific business tax) will increase to 3.3% from 0.1%, transfer fees revert to 2% from 0.01% and mortgage fees also escalate to 1% from 0.01%.
Property developers and analysts continue to closely monitor the new land and building tax which is continued to be shrouded in controversy and despite grandfathering in such a large scale which will take a number of years to implement.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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