Proposal for increased tax on condo purchases

[jaywalker2]

Our favorite (or at least most prolific) foreign tax attorney out with a new video highlighting a proposal by Thai tax authorities to raise the tax on condo purchases by foreigners by 10-20 percent (100,000-200,000 per million). It's hard to see this actually being enacted since it would crush the condo market but it does show that there is a faction in the Thai bureaucracy determined to wring more money out of the foreign community by any means possible.

 

https://www.youtube.com/watch?v=GAj7zhQiEQg

 

[topt]

58 minutes ago, jaywalker2 said:

Our favorite (or at least most prolific) foreign tax attorney

I consider myself fortunate not to have come across him before........or if so conveniently forgotten.........

 

59 minutes ago, jaywalker2 said:

highlighting a proposal by Thai tax authorities

The article he quotes in Khaosod English news dated 31st August has a headline (I haven't put the link as not sure allowed)

Quote

EXPERT URGES GOVERNMENT TO RAISE TAX FOR FOREIGN CONDO BUYERS
 

The so called expert is Dr. Sopon Pornchokchai, president of the Real Estate Research and Valuation Center of the Agency for Real Estate Affairs (AREA)

 

So actually nothing to do with the Thai Tax authorities..........possibly scaremongering just a little bit...........

[Dan SG]

Can't see that happening - too much vested interest in not wanting to crash the market, but never say never!

[Captain Monday]

Sayonara Thailand