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Considerations to ensure a successful new land and building tax bill

As property tax reform is in the government pipeline, the Ministry of Finance and the Fiscal Policy Office have actively been doing a number of things to welcome the arrival of the Land and Building Tax in the hope that it will soon replace the House and Land Tax and Local Improvement Tax which have been used for ages. The goal is not only to raise more tax revenue from property tax, but also to reduce the government budget for all local administrative bodies throughout Thailand. (Bangkok Post)

ThaiVest Editorial Team