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.