One of the long-term effects of the pandemic – besides the business effects that vary between different activities in the hospitality industry – are the tax consequences that result from the dramatic changes due to COVID-19.
Real estate taxation – common area charges
Residential developments in resort areas come in various forms, but they mostly have one thing in common – common areas.
Capital gains and the Thai tax system
Foreign property owners interested in maximizing the financial returns from their foray into the Thai property market should take a moment or two to understand the impact taxes will have on their financial returns.
