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Cabinet treasury extends the time for submission of personal income tax return 3 months

Cabinet maker depot tomorrow to issue COVID tariff package Extend 3 months personal income tax filing time with 90% land tax reduction, renewal reduction of home mortgage transfer fees lower than 3 million, down to 0.01% each.

News reports from the Government House revealed that at a meeting of the Cabinet on Jan. 26, the Ministry of Finance will introduce additional remedial measures for those affected by the coronavirus outbreak. In the form of tax measures to help reduce the burden of expenses for the people And entrepreneurs consist of extending the filing of returns and paying personal income tax for the year 63 with the Revenue Department for another 3 months, which was originally scheduled to expire on the last date of March 31, 64 to be on June 30 64 To help relieve the tax burden for taxpayers. And to have more liquidity to use in everyday life

In addition, the annual land and building tax rate cut by 90% and only 10% of the actual collection covers all types of land and buildings. Whether it is used for housing, farming, vacant land. And commercial use Industry or others

In this regard, measures will be extended to reduce the transfer fee for real estate purchases For a house price not more than 3 million baht to help the real estate business And reduce the expenses of people who want to buy housing By reducing the registration fee for real estate and apartment transfers from 2% of the appraisal value to 0.01%, and also reducing the mortgage registration fee for real estate and apartments from the original 1% of the mortgage value to 0.01%, which will greatly reduce expenses. For example, in the case of purchasing a house of 3 million baht per house, the former will have to pay for the transfer and mortgage up to 60,000 baht, which will be reduced to 300 baht only.


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