Cabinet gives green light for tax on property owners benefiting from infrastructure projects
TUESDAY, JULY 10, 2018
The Cabinet on Tuesday agreed with the Finance Ministry’s proposal in a draft bill to collect a windfall tax from property owners benefiting from expressway, mass transit, high-speed rail, airport and other infrastructure projects.
THE Cabinet has given the green light to a draft bill on windfall tax relating to tax collection from owners of properties worth more than Bt50 million that have benefited from transport projects.
ECONOMISTS and land developers are cautious about the Finance Ministry’s intention to impose a windfall tax on property owners who benefit from government infrastructure projects.