Funding eyes taxes on unused land

And gave the official said Deputy Prime Minister and Finance Minister Kittiratt Na Ranong green light to slap taxes on vacant plots.
And said Somchai Sajjapongse, the Director-General of the Fiscal Policy Office, said Tuesday in finalizing property seminar that his unit are the details of the land tax bill. It is expected to be completed within this year, the main features of the bill.
I've noticed this would focus on unused land, land use to maximize the benefits. To discourage the hoarding of land, and the owners may be taxed above the 0.5 per cent of the value of the land.
Somchai said that the discussion with the relevant agencies and the private sector (especially real estate development companies) are currently being, to ensure that the law will not affect its operations.
Vacant piece of land generally means the plot of which use less than half the space.
Somchai said this would also check if the user is part of a permanent structure or for the purposes of the farms.
The bill aims to strengthen the competitiveness of the country and this is in line with the international trend, which imposes taxes on wealth and consumption, and I confirmed.