The following is an overview of property taxes in Thailand and how they are calculated.
Thailand Property Taxes
Transfer fee:
2% of the registered value of the property
Stamp Duty:
0.5% of registered value. Only payable if exempt from business tax
Withholding tax:
1% of the appraised value or registered sale value of the property (whichever is higher and if the seller is a company). If the seller is an individual, withholding tax is calculated at a progressive rate based on the appraisal value of the property.
Business tax:
3.3% of the appraised value or registered sale value of the property (whichever is higher). This applies to both individuals and companies.
Siam Legal International lawyers can give suitable advice on the fitting property investment avenue which is specific to their every clients. You may contact them anytime and see what they can do to assist with your property taxes in Thailand.
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