News
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The period of payment of tax on land and buildings was extended for 3 months, as another measure of support for citizens. The deadline at the end of April was moved to the end of July. The Ministry of Internal Affairs announced that the extra time will allow taxpayers to pay taxes without fines and accumulated pennies. Those who have already been...
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The Ministry of Finance has published a new assessment of the land. The Ministry of Finance will put into effect new land assessments for 2023-2026 from January 1, 2023. In the whole country, the new estimated price increased by an average of 8% compared to the previous three-year period, the highest prices remain in Bangkok. Tananpong Suksomsak,...
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The construction business in 2023-2024 tends to grow, as investments in this industry are expected to grow by an average of 4.5-5.5% per year. The main driving factor will be investments in large government projects. In particular: Projects related to the Eastern Economic Corridor (EEC, which includes the provinces of Chachengsao, Chonburi,...
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The Information Center has published information about real estate purchased by foreigners in Thailand throughout the country in the first quarter of 2022. In total, foreigners acquired ownership of 2,107 properties, which is 10.3% less than in the same period last year. But this number is higher than the average for 2 years during COVID-19...
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Analysts report that 2022 was the year of the return of the condominium market: a sharp increase in supply in the first quarter of the year. Entrepreneurs are launching more new projects, amid a slowdown last year. In the first quarter of 2022, 16,247 new properties were put up for sale on the condominium market in Bangkok. The number of units...
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Thailand's GDP is expected to grow at 3.2% in 2022 and 4.5% in 2023, which will be facilitated by the sustainable recovery and development of tourism. Despite higher inflation and a slowdown in global economic growth, the forecasts are very optimistic. Thailand's GDP rating reflects the country's stable external financial position and a strong...
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Thai Airlines (Thai Airways International) says that the company may exit the financial «recovery» and resume trading in shares earlier than originally expected. According to the head of the finance and accounting department of THAI Chai Imsiri, the reduction of the airline's expenses and measures to optimize operations and financial indicators...
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The Ministry of Finance is preparing a law on taxes on windfall profits, instructing the Office of Fiscal Policy to study and review this issue. In July 2018, the Council of Ministers approved and discussed the possibility of introducing a higher tax rate on profits received as a result of sudden unexpected profits for a particular company or...
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The Real Estate Information Center of Thailand reported that sales of super-luxury condominium projects in 2021 accounted for 27% of the total sales of residential projects, while 84% of super-luxury condominium projects were under the Residence brand, which also manages five-star hotel chains. Sales of Branded Residence projects increased by more...
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At the point of entry to Thailand, travelers will only need to present a vaccination certificate, a negative PCR test result or an ATK express test result within 72 hours before the trip. On June 17, 2022, the Thai COVID-19 Situation Management Center (CSA) approved the cancellation of the They Pass registration scheme and the US10,000 health...
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