THANATHIP & PARTNERS
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Inheritance Tax and Gift Tax
February 2016
The Inheritance Tax Act B.E. 2558 (the "ITA") is one of the key tax reforms which came into force on 1 February 2016 with an aim at bridging the gap of income disparity in Thailand as well as increasing state revenue. An inheritor receiving the prescribed assets (e.g. immovable property, securities, bank deposit, registered vehicle, and other financial assets to be further announced) with aggregate value over Baht 100 million