TH Thailand property term
Value Added Tax (VAT) and Property
ภาษีมูลค่าเพิ่มกับอสังหาริมทรัพย์
Plain-English definition
VAT rules that may affect services, construction or particular business components of a property transaction, while land sales are treated differently under the Revenue Code.
Why this matters to a foreign buyer
Do not add or exclude VAT based only on the word property; review each contract component.