Keywords: Mazars, Thailand, Tax, PRD
13 February 2013
Tax must be paid at the rate of 12.5% of the actual or imputed annual rental value within 30 days from the date of receiving the assessment notification.
Failure to file a tax return would result in a fine of 200 Baht. Furthermore, the delay in paying tax would subject the property owner to a penalty of 2.5% - 10%.
Please note that a building or land with building which is not put to commercial use or is closed for the whole year is exempt from house and land tax.