Land And Building Tax Act: Timeline For Implementation Extended

The requirement to pay land and building tax under Thailand's new Land and Building Tax Act B.E. 2562 (2019) (the "Act") came into force this year, on 1 January 2020. For the first time in Thailand, individuals and juristic persons who have rights of ownership, possession or usage over land or buildings, including condominiums, are required to pay land and building tax to local authorities.

Since the introduction of this requirement, however, there has been uncertainty about the rules and procedures of land and building tax. This is because the rules and procedures have been applied differently by each local authority, for the reason that relevant ancillary laws have not yet been promulgated.