Thailand's Property Tax Act

Land and Building Tax Act B.E. 2562

For the first 2 years of tax collection from January 1, 2020 (during the so-called transition period), the following reduced rates will apply:

Summary: For the first property valued up to 50,000,000 THB, no property tax is required.

Applicable tax rates after the end of the transition period (i.e., from 2022 onward) will be announced by royal decree. It is also worth noting that, although the law permits local authorities to apply higher rates based on local legislation, these rates cannot exceed the maximum legal rate specified in the table.