Pressure from land levy

An aerial view of Bangkok from King Power Mahanakhon, one of Thailand's tallest buildings. The Land and building tax has left concerns among hoteliers. Patipat Janthong

The government's plan to reintroduce the full levy for the land and building tax in the 2022 tax year has hoteliers concerned, following a 90% reduction of the tax granted to property owners during the pandemic years.

Though the government agreed to offer a 15% discount in 2023, this tax cut was weaker than what the private sector expected.