Property developers have urged the government to reconsider full collection of the land and building tax, suggesting a step-by-step increase, starting from a discounted rate of 50-75% during 2023-25 as the economy is fragile.
Issara Boonyoung, chairman of the committee for real estate development at the Thai Chamber of Commerce, said the economy has not yet recovered to the pre-pandemic level.
"Earlier this year we asked the government to extend tax reductions until after the rate returns to normal in 2022," he said. "But our request was not approved. We are making the request again because the economy is still sluggish."
