The following is an overview of property taxes in Thailand
“Housing and Land Tax” in Thailand is collected yearly by the local/closest government instance. Property owners if they rent out their property housing and land tax shall be collected at the rate of 12.5% of the yearly rental according to the lease agreement or the annual assessed value by the local authorities, whichever is higher.
|TAX||WHO USUALLY PAYS||AMOUNT|
|Transfer fee||Buyer||2% of registered value|
|Stamp Duty||Seller||0.5% of registered value|
|Withholding Tax||Seller||1% of appraised value or registered sale value (whichever is higher)|
|Business Tax||Seller||3.3% of appraised value or registered sale value (whichever is higher)|