The Finance Ministry is also making a fresh effort to reduce public pressure by widening the ceiling tax waiver amount for residences to 1.5 million baht.
Based on the effective tax rates, the government will collect an estimated 200 billion baht, up from 25 billion contributed by the current local development tax and house and land tax, Finance Minister Sommai Phasee said after meeting with the Committee on Monetary, Finance, Banking and Financial Institutions.