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Posted: 29 Aug 2014 | 6:00 am
Over the past decade the issue of forms to the Thai land system has been on the national political agenda.
The NCPO has made public plans to change the land and building tax system.
According to the last draft of the code in 2012, vacant land would be taxed at 2% of assessed value, up to 0.1% for agricultural and residential property and a threshold of 2% for commercial real estate.
Land banking and speculation remain key drivers for the new tax, which remains extremely controversial in both the private and public sectors.
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:
Thailand-based Khiri Travel will highlight the opportunities of green travel at the upcoming PATA Travel Mart in Phnom Penh.
Both the Banyan Tree Phuket and Angsana Laguna Phuket resorts have been given EarthCheck bronze status.
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