Secondary Law issued under Land and Building Tax Act B.E. 2562 (2019)
On 3 December B.E. 2562 (2019) and 11 December B.E. 2562 (2019), the Cabin passed a resolution approving the draft of the Royal Decree and the Ministerial Regulation total of 7 laws which the Office of the Council of state has already reviewed. As propose the Ministry of Finance and can proceed as follows:-
| Draft of secondary law | The essence of the laws |
| 1. Draft of the Royal Decree to reduce land and building tax B.E… | To reduce land and building tax for certain Types of land or buildings by reducing tax at the rate of 50 percent of the tax that is required to pay. In the case of land and building inherited by natural person using as A residence and having a name on the house Registration and registered the rights and juristic acts regarding that property before 13 March 2019 and reduced the tax by 90 percent of the tax that is to be paid in case such as land or building are real estate awaiting sales of financial institutions, specialized financial institutions established by specific law, asset management company and land or building that are used in the business of private schools or undergraduate study. |
| 2. Draft of Ministerial Regulation to exempt or reduce of penalty B.E… | To exempt of unpaid tax penalty for land or building that are seized or garnished under the law. |
| 3. Draft of Ministerial Regulation to determine rules, procedures and condition of evaluation land and building value without evaluation price B.E… | To determine rules, procedures and condition of evaluation land and building value without evaluation price. |
| 4. Draft of Ministerial Regulation to determine cost for tax collection instead of local government organization B.E… | To determine the local government organization shall make an agreement to assign the government agency to collect land and building tax payment and determinethe reduction rate or the cost of tax collection that the government agency received instead. |
| 5. Draft of Ministerial Regulation to determine land and building which are empty or not utilized in condition B.E… | To determine the rules for land and building which are empty or not utilized in condition. |
| 6. Draft of Ministerial Regulation to determine rules and procedures of announcement of evaluation price, tax rate and other details for land and building tax collection B.E… | To determine rules and procedures of announcement of evaluation price, tax rate and other details for land and building tax collection. |
| 7. Draft of Ministerial Regulation of land and building tax payment by installment B.E… | To determine the number of installment and lowest tax which can be paid land and building tax by installment. Including rules and procedure to installment. |