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Thailand: Inheritance tax takes effect in January

Thailand’s new inheritance tax and gift tax laws have been published in the official Royal Gazette and will take effect on 31 January. The deceased’s descendants will pay 5 per cent on legacies above THB100 million (USD2.84 million) and gifts above THB20 million. Other beneficiaries will pay 10 per cent on legacies above THB100 million and 5 per cent on gifts above THB10 million.

Read more in Bangkok Post, here.

 

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