Yellow Book Requirements by Pattaya City Hall

[Banana7]

Make sure property taxes are paid promptly. See https://sherrings.com/land-and-buildings-tax-in-thailand.html

and https://thailand.acclime.com/guides/land-buildings-tax/

 

Lots of penalties if you don't pay by April, each and every year.

Penalty for late tax payment

The local government organisation will send a written warning to the taxpayer that has unpaid tax within May which the taxpayer is required to pay the overdue tax together with the penalty payment and surcharge. If the taxpayer has failed to pay the tax within the specified period, the taxpayer is liable to make penalty payment of 40% of the overdue tax.

In the case that the taxpayer has paid tax before receiving the written warning, the taxpayer is liable to a penalty payment of 10% of the overdue tax. When the taxpayer has failed to within the specified period but has paid within the time specified in the written warning, the taxpayer is liable to a penalty payment of 20% of the overdue tax. Taxpayers who have failed to pay the tax within the specified period are also liable to pay a surcharge of 1% per month of tax. A fraction of a month is counted as a whole month.

 

Land and buildings tax exemption

Land or buildings which the owner uses for agricultural purposes are exempt from the value of the tax base if the calculation of tax in total does not exceed THB 50 million. Land or buildings which the owner uses for a residential purpose and has his/her name listed in the household registration certificate on 1 January of the tax year shall be exempt from the value of the tax base if the calculation of tax does not exceed THB 50 million. In the case that the owner owns the building without owning the land and uses the building for residential purposes and his/her name is listed on the household registration certificate on 1 January of the tax year, the owner will be exempt from the value of the tax base in the calculation of tax if the amount does not exceed THB 10 million.

 

 

[Banana7]

On 4/19/2021 at 5:24 PM, johng said:

 

????  Why do you think they wont want property taxes after getting a yellow book ?

I went to a professional tax and accounting organization here:

https://thailand.acclime.com/guides/land-buildings-tax/

 

and they state:

 

"In the case that the owner owns the building without owning the land and uses the building for residential purposes and his/her name is listed on the household registration certificate on 1 January of the tax year, the owner will be exempt from the value of the tax base in the calculation of tax if the amount does not exceed THB 10 million."