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News Forum - Large banana plantation near Bangkok goes viral, Thai netizens say owner wants to avoid land tax


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One of the biggest exhibition centres and event venues, Impact Arena, in the central province of Nonthaburi, basically just north of Bangkok, is showing off its large banana plantation on their official Facebook page. The page claims the CEO desires to increase green spaces for people, but Thai netizens have figured out it’s just a way the controlling company is avoiding land taxes. The official Facebook page, IMPACT Arena, Exhibition and Convention Centre, has posted pictures of its 50 rai or nearly 20 acres or banana plantation. The page claims that the Impact Arena CEO had turned an empty land […]

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5 hours ago, Thaiger said:

According to the Fiscal Policy Office, the tax rate for the land for agricultural use is 0.01 to 0.01 percent, and the tax rate for empty or ineffectual land is 0.3 to 0.7 percent, an enormous saving.

 

Is the range 0.01 to 0.01 percent inclusive or exclusive?

Not that anyone (including me) cares, but it's 0.15% max for agriculture and 3% max for unused land (the latter only after several years; for the first 2 years its 1.2% per 1-1-2022; that used to be 0.7%, another number used in the quote).

The only reason I bothered commenting was that this harmless article very nicely exemplifies the principle that it's better to write something correct albeit general than something specific albeit incorrect. More touchy subjects would receive distractions away from that principle at innumerous tangents.
 

 

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