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20/01/2009 - Thailand Government extends reduction in real estate taxes.  20/01/2009 - Thailand Government extends reduction in real estate taxes.

The Thailand government has approved a one year extension to the reduction of government taxes paid on the sale of property in Thailand.  The move, which also includes a one year extension on to the specific business tax reduction, is aimed at stimulating Thailand's real estate market.

The reduced taxes were due to expire at the end of March 2009, however, the Ministry of Finance recently acknowledged that the reduced taxes were helping to revitalise the sector and has extended the reductions until 28 March, 2010.






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