NEW
Font size
WorksheetsProperty tax in thailand
Total questions: 25
Worksheet time: 13mins
Under the Act, both individual and juristic persons who have owner ship, possessory, or usage rights over land or building, will be required to pay land and building tax to?
Local administrative authorities
Federal govenment
non above
All correct
Land and buildings which the owner uses for agricultural purposes are exempt from the value of the tax base if the calculation of the tax in total does not exceed how many baht?
does not exceed THB 40million.
does not exceed THB 50million.
does not exceed THB 60million.
does not exceed THB 70million.
Land or building which the owner uses for a residential purpose and has his/her name listed in the household registration certificate on 1 January of the tax year shall be exempt from the value of tax base if the calculation of tax does not exceed how many baht?
does not exceed THB 30million.
does not exceed THB 40million.
does not exceed THB 50 million.
does not exceed THB 60 million.
In the case that the owners the building without owning the land and uses the building for residential purpose and his/her name is listed on the household registration certificate on 1 Jan of the tax year, the owner will be exempt from the value of the tax base in the calculation of tax if the amount does not exceed how many baht?
does not exceed THB 3million.
does not exceed THB 5 million.
does not exceed THB 10million.
does not exceed THB 15million.
Foreign individuals are subject to Thai personal income tax on rental income generated from real estate situated in Thailand.
True
False
The local government authorities shall notify the taxpayer of the amount of tax to be paid by?
January of each year
Febuary of each year
March of each year
April of each year
The taxpayer must pay the tax as stated in the notice by?
January of every year
February of every year
March of every year
April of every year
Thai property transfer fees and tax: how many Business tax?
3.3%
2%
1%
0.5%
Thai property transfer fees and tax: how many Transfer fee?
3.3%
2%
1%
0.5%
Thai property transfer fees and tax: how many Withholding tax?
3.3%
2%
1%
0.5%
Thai property transfer fees and tax: how many stamp duty?
3.3%
2%
1%
0.5%
Business tax levied on from Who?
companies and individual owners who have held property less than 5 years
Charged by the Land Department and collected on day of ownership transfer
Varies slightly depending on ownership (individual or company)
not imposed when business tax is due
Transfer fee charged by who?
companies and individual owners who have held property less than 5 years
Charged by the Land Department and collected on day of ownership transfer
Varies slightly depending on ownership (individual or company)
not imposed when business tax is due
Explained Withholding tax
companies and individual owners who have held property less than 5 years
Charged by the Land Department and collected on day of ownership transfer
Varies slightly depending on ownership (individual or company)
not imposed when business tax is due
Explained Stamp duty
companies and individual owners who have held property less than 5 years
Charged by the Land Department and collected on day of ownership transfer
Varies slightly depending on ownership (individual or company)
not imposed when business tax is due
Who is the construction in Thailand regulated by?
Government
Building control Act and the Town and city planning Act
Condominium ACT
All awnser are correct
The relation between a customer/employer and a builder in Thailand is primarily governed by ?
Government
Building control Act and the Town and city planning Act
construction contract and the civil and commercial code
construction contract and the civil
Foreign land ownership retractions in Thailand relates to land only ,not to the building on the land or condominium registered under the condominium Act.
True
False
There are many kind of property tax in Thailand ?
1
2
3
4
what tax do owners of land and/or buildings may be subject to either?
House tax
Land tax
House and Land tax or Local Development tax
Local Development tax
How many percentage the Thai government imposes a fixed transfer free?
1%
2%
3%
4%
House and Land tax is imposed on owners of a house, building, structure or land that rented or otherwise put to commercial use.
True
False
The rate of the accessed annual letting value of the property?
3.3%
8.5%
10.5%
12.5%
what date will the payment of land and building tax under the new Act be required from?
January,1 2020
February,1 2020
March,1 2020
April,1 2020
The land and any structure on the land can be owned independently by difference person. Foreigners buying a home in Thailand can lease land (and optional obtain a right of superficies) and own the house as a personal property.
True
False
