A revenue department insider has revealed plans for the adoption of the prime minister’s proposal to make changes to the inheritance tax law. The objective of the amendment is to reduce economic inequality, according to the anonymous source.

 

The source disclosed three key points that form the guidelines for the amendment. The first is the application of the inheritance tax to assets exceeding the value of 100 million baht. There are ongoing discussions regarding the possibility of adjusting this threshold to match future changes in economic conditions.

 

The second point relates to the need for redefining the types of assets that will be subject to tax, which will be established by royal decrees.

The third point is centred on the tax exclusion of properties willed to the deceased’s spouse. This measure is aimed at alleviating the financial strain on the bereaved party.

 

by Alex Morgan

Photo: Newsish.com

 

 

Full story: The Thaiger 2023-10-09

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

 

won't change anything at all. 

1 hour ago, stoner said:

won't change anything at all. 

True. Yet more theft at the government level.  

6 hours ago, webfact said:

A revenue department insider has revealed plans for the adoption of the prime minister’s proposal to make changes to the inheritance tax law. The objective of the amendment is to reduce economic inequality,

Inheritance tax goes to the government coffers, not the poor peoples pockets.

So the giant new 2m tall crook-in-charge is using this as his adopted catchphrase for all future government extortion...Income Inequality. Same as the new foreign income tax starting 1 January.

This guy should be called Big Joke. 

And how exactly will this help the dirt poor in the Villages living in squalid conditions on a daily basis ?