Showing 81 - 90 of 167
FPO: Prime city plot iffy for farm tax rate
Business, Wichit Chantanusornsiri, Published on 22/02/2020
» An empty plot of prime Bangkok real estate on Ratchadaphisek Road, recently turned into a lime farm to avoid the highest land and buildings tax bracket, is likely subject to the tax rate for vacant land, says the chief of the Fiscal Policy Office (FPO).
GH Bank urges larger home pool
Business, Wichit Chantanusornsiri, Published on 20/02/2020
» State-owned GH Bank is set to propose the Finance Ministry raise the ceiling price of homes entitled to the bank's low-rate mortgages under the government's 1-million-unit budget residential scheme to 1.2 million baht per unit from 1 million, but the new maximum will be restricted to those located in Greater Bangkok.
State braced for budget bill delay
Business, Wichit Chantanusornsiri, Published on 23/01/2020
» The government is preparing a Plan B to brace for the possibility of a further delay in the 3.2-trillion-baht budget bill for fiscal 2020 after some members of parliament indicated they would vote in favour of the bill without being present in the chamber.
Transparency push in Airport City row
News, Wichit Chantanusornsiri, Published on 17/01/2020
» Deputy Finance Minister Santi Prompat says he has told the Comptroller-General's Department to study regulations on state procurement to ensure transparency in the wake of a row over the Charoen Pokphand Group (CP)-led consortium's bid for the 290-billion-baht Airport City project.
Insurers' investment draft seeks OIC nod
Business, Wichit Chantanusornsiri, Published on 17/01/2020
» A draft notification on insurance company investment is expected to seek approval from the Office of Insurance Commission (OIC) board later this month to broaden investment options for insurers amid the prolonged low-interest-rate environment.
Rich get richer, poor get the picture
News, Wichit Chantanusornsiri, Published on 09/01/2020
» This year the new land and building tax law takes effect with the new tax regime hardly affecting ordinary people who do not own second homes. It rather effects super rich people who have owned land in amounts so vast that they would have to spend a good part of their life if they wanted to walk around every plot of their land.
Finance Ministry upbeat on private investment
Business, Wichit Chantanusornsiri, Published on 27/12/2019
» The Finance Ministry has painted a rosy picture of private investment, forecasting 2020 growth of 4.6%, up from 2.7% predicted for this year.
Landowners panic over tax changes
News, Wichit Chantanusornsiri, Published on 26/12/2019
» Operators of homestay and home-sharing premises will soon face much higher commercial property tax than buy-to-let homeowners who pay residential rates, the Finance Ministry says.
Buy-to-let classified as 2nd homes
Business, Wichit Chantanusornsiri, Published on 25/12/2019
» Owners of buy-to-let residences in both low- and high-rise projects should feel more at ease after the Finance Ministry made clear that these properties will be taxed according to the second-home category in cases where more than one house is owned under the new land and buildings tax.
GPF seeks nod to raise overseas asset ceiling
Business, Wichit Chantanusornsiri, Published on 30/11/2019
» The Government Pension Fund (GPF) is seeking board approval to increase its ceiling overseas asset allocation to 40% from 30%. It expects the process to be complete early next year.