The new inheritance tax regime in Thailand

The Inheritance Tax Act B.E. 2558 (2015) (“ITA”) took effect on 1st of February 2016. It stipulates the following: 1. Inheritance Tax a. Tax Base The inheritance tax base shall be calculated from the inheritance, which an inheritor received from each testator, whether it is received once or several times, above 100 Million THB. (Section…

Inheritance tax to affect four assets from February onwards

According to a report by the Nation, property, stocks, automobiles and cash are the four assets that will become subject to inheritance tax effective on February 1.   Please find more information about this news at the Nation under the following link: http://www.nationmultimedia.com/business/Inheritance-tax-to-affect-four-assets-on-February-30276825.html

New Inheritance Tax and Property Tax in Thailand?

Plans to reform Thailand’s tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha. The proposed reforms would raise revenue by increasing taxes primarily on the wealthy. Thailand’s Ministry of Finance (MOF) has said Chan-ocha wants the…

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