Banking & Savings

Tax-News.com: Thailand’s New Inheritance Tax Gets Cabinet Approval

A draft inheritance tax bill was approved by Thailand’s Cabinet on November 18 and is expected to be in effect around the middle of next year. Despite previous indications that the tax might be introduced with graduated rates, dependent on the value of bequests, it has now been confirmed that there will be a fixed rate of up to ten percent with a threshold of THB50m (USD1.5m), below which tax would not be payable.

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