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	<title>Thailand Blog :: Business &#38; Economy</title>
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	<link>http://www.thailandprice.com/blog</link>
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		<title>Site of the Month for November 2011</title>
		<link>http://www.thailandprice.com/blog/site-of-the-month-for-november-2011/</link>
		<comments>http://www.thailandprice.com/blog/site-of-the-month-for-november-2011/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 04:23:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=120</guid>
		<description><![CDATA[Site of the Month for November 2011 relates to Thailand Business Directory. Thailand Page is the Thailand web directory offering you links to related website to Thailand travel &#038; tourism, business, food &#038; restaurants, government, import &#038; export, computers &#038; internet, online entertainment, real estate, shopping, industry, culture in Thailand.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thailandpage.com/"><img src="http://www.thailandpage.com/images/logotext.gif" alt="Thailand Related Directory" class="aligncenter"/></a><br />
Site of the Month for November 2011 relates to <a href="http://www.thailandpage.com/">Thailand Business Directory</a>. Thailand Page is the Thailand web directory offering you links to related website to Thailand travel &#038; tourism, business, food &#038; restaurants, government, import &#038; export, computers &#038; internet, online entertainment, real estate, shopping, industry, culture in Thailand.</p>
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		<title>Finding the Right Cosmetic Plastic Surgery Center</title>
		<link>http://www.thailandprice.com/blog/finding-the-right-cosmetic-plastic-surgery-center/</link>
		<comments>http://www.thailandprice.com/blog/finding-the-right-cosmetic-plastic-surgery-center/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 02:45:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beauty Clinic]]></category>
		<category><![CDATA[Cosmetic Clinics]]></category>
		<category><![CDATA[Cosmetic Surgery]]></category>
		<category><![CDATA[Women Beauty]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=118</guid>
		<description><![CDATA[Plastic surgery is an excellent assistance for you to become more sophisticated and attractive. If you are only having a very specific procedure completed you might be better off looking for a cosmetic plastic surgery clinic that specializes in that type of procedure. If you are looking to have a variety of different procedures performed [...]]]></description>
			<content:encoded><![CDATA[<p>Plastic surgery is an excellent assistance for you  to become more sophisticated and attractive. If you are only having a very specific procedure completed you might be better off looking for a cosmetic plastic surgery clinic that specializes in that type of procedure. If you are looking to have a variety of different procedures performed it may make more sense to find a good general cosmetic plastic surgery clinic.</p>
<p>When you are looking for the right cosmetic plastic surgery clinic there are several things that you need to take into consideration. The first thing you want to think about is the patient care that each clinic provides. Patient care should start before you even arrive at the clinic. You should have been provided with information regarding your procedure and a general list of things that you need to do before the surgery starts. This can include things like not eating or drinking after a certain amount of time.</p>
<p>The next critical piece of patient care is how the cosmetic plastic surgery clinic prepares you for the surgery. This will include answering any last minute questions that you may have and making sure you are comfortable before surgery. Patient recovery once the procedure is completed is another element of care that should be explored.</p>
<p>Most cosmetic plastic surgery clinics should require a number of postoperative visits. It is important to make sure that during these visits you will be thoroughly examined. This is also a great time to ask any new questions that you might have. Many people worry about things like swelling or bruising and how long it will take to heal after the procedure is performed.</p>
<p>There are risks associated with cosmetic plastic surgery. These can range in severity and it will be important that the doctor at the cosmetic plastic surgery clinic you choose will be able to discuss each one with you. It is necessary for you to understand any risks that you will be exposed to when the procedure is performed. Do not hesitate to ask any question that you might have.</p>
<p><a href="http://www.naraveesurgery.com/">Naravee Aesthetic Center</a> is one of the premier <a href="http://www.naraveesurgery.com/">cosmetic plastic surgery clinics in Bangkok</a>, Thailand. With their team of internationally trained doctors and nurses they are able to perform a wide range of plastic and cosmetic surgical procedures. Certified doctors carry many qualifications and have all performed many successful procedures over the years. You can be sure that you will get the highest quality of service at Naravee from the moment you walk through one of their clinics doors and consult with one of their leading expert doctors.</p>
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		<title>Boutique Hotel Bangkok</title>
		<link>http://www.thailandprice.com/blog/bangkoks-boutique-hotels/</link>
		<comments>http://www.thailandprice.com/blog/bangkoks-boutique-hotels/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 06:12:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Bangkok Travel]]></category>
		<category><![CDATA[Boutique Hotels]]></category>
		<category><![CDATA[Thailand Destination]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=115</guid>
		<description><![CDATA[Bangkok is a city certainly well known for its high quality budget hotels with excellent affordable rates. But after the recent government protests which as ceased for now &#8211; hotels in Bangkok whether budget or luxury have begun to drastically reduce room rates even more. As a result now is the best time to find [...]]]></description>
			<content:encoded><![CDATA[<p>Bangkok is a city certainly well known for its high quality budget hotels with excellent affordable rates. But after the recent government protests which as ceased for now &#8211; hotels in Bangkok whether budget or luxury have begun to drastically reduce room rates even more. As a result now is the best time to find hotel deals especially for hotels in the budget range.There is definitely no shortage of hotels in Bangkok. Whether you are on a budget or can afford to splurge, consider staying at one of Bangkok&#8217;s many new boutique hotels opening up everywhere overnight.</p>
<p>Just what is a boutique hotel in Bangkok exactly?</p>
<p>A hotel in the boutique class are small though the rooms are quite spacious. Most of these hotels have fewer than 20 rooms, though there are a few with at least 50. But the distinguishing factor between a boutique hotel and a mainstream hotel is the emphasis on hospitality. Since boutique hotels are smaller in stature guests can expect to feel more personal service. Though don&#8217;t expect to be pampered as if you are in a 5 star luxury hotel.</p>
<p>Many of these hotels are operated and run solely by Thais. So the room rates are very affordable and are considered in the budget range. And since most of the <a href="http://www.prayapalazzo.com">boutique hotels</a> in Bangkok have just opened recently the property itself is in excellent conditions.</p>
<p>You can find many boutique hotels in central Bangkok such as:</p>
<p>    * Bedrooms Boutique Hotel<br />
    * Sacha&#8217;s Hotel Uno<br />
    * Paradiso Boutique Suites</p>
<p>All of the hotels mentioned above are near a BTS Sky Train station so that most of the major shopping destinations and attractions can be reached easily and quickly.</p>
<p>And if central Bangkok is too hectic and noisy for you then head up just a little bit towards the northeast to Khao San Road.</p>
<p>This quiet little neck of the woods is not far from central Bangkok. Though Khao San road is a popular backpacker&#8217;s den in the recent years many hotels have sprouted up:</p>
<p>    * Navalai River Resort<br />
    * Boonsiri Inn<br />
    * Buddy Lodge</p>
<p>Finally, which ever hotel you are planning to stay in here is one really good money-saving tip. It is best to reserve your room through a licensed hotel booking agency that is based in Bangkok. Such agencies are in a better position of acquiring better discounted room rates since they are contracted as wholesalers with hotels throughout Bangkok, so you can expect to receive 20% to 40% off.</p>
<p><a href="http://www.prayapalazzo.com">Praya Palazzo</a> is a stylish 17-room mansion with a rich historical background that offers a unique experience for the discerning travelers. Dating back to the ancient kingdom of Siam, the mansion is situated in the heart of Bangkok on the banks of the Chao Phraya River, one of the most significant rivers in Thailand. Ideal for travelers who want to relax while enjoying city life in the oldest part of Bangkok, Praya Palazzo is in walking distance to many historical sites and attractions such as The Grand Palace, The Temple of the Emerald Buddha, Wat Arun (The Temple of Dawn), Chinatown, The National Museum, and Kao San Road just to name a few. Praya Palazzo brings back the sense and lifestyle of the King Rama V period, conveying authentic Thai culture through vision, taste, scent, rhyme and touch.</p>
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		<title>How much should I budget per day for a holiday in Thailand?</title>
		<link>http://www.thailandprice.com/blog/how-much-should-i-budget-per-day-for-a-holiday-in-thailand/</link>
		<comments>http://www.thailandprice.com/blog/how-much-should-i-budget-per-day-for-a-holiday-in-thailand/#comments</comments>
		<pubDate>Wed, 03 Aug 2011 08:21:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Holiday Budget]]></category>
		<category><![CDATA[Thailand Travel]]></category>
		<category><![CDATA[Travel Cost]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=112</guid>
		<description><![CDATA[&#8220;It depends a lot on what type of traveller you are and how much travelling you plan to do. Accommodation With a couple of exceptions (notably Ko Phi Phi and some parts of Phuket) you should be able to get a basic fan-cooled room for under 300 baht. If you want air-con then you&#8217;re looking [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;It depends a lot on what type of traveller you are and how much travelling you plan to do.</p>
<p>Accommodation<br />
With a couple of exceptions (notably Ko Phi Phi and some parts of Phuket) you should be able to get a basic fan-cooled room for under 300 baht. If you want air-con then you&#8217;re looking at ther 500-1,000B range. Facilities like swimming pools, business centres and again push the price upwards. Take a look through the various accommodation sections on Travelfish to get an idea of what standard of accommodation works for you.</p>
<p>Food<br />
If you&#8217;re eating on the street, three meals a day, then 100-150B per day is adequate. If you&#8217;re eating three staple meals in a backpacker style restaurant, you&#8217;ll be spending more like 250-400B a day. If you&#8217;re eating dinner at proper restaurants, then you could easily be spending 300B or more a meal.</p>
<p>Water<br />
Thailand is hot and you&#8217;ll need to be drinking a lot of water. At least two to three litres of water a day &#8212; that will cost around 40-60B a day.</p>
<p>Alcohol<br />
Booze is generally cheap compared to what you&#8217;d pay at home. A large bottle of beer can cost around 50B, a bottle of good gin or vodka around 600B. If you&#8217;ve having a couple of big beers every night with dinner, this will add up quickly.</p>
<p>Transport<br />
Buses, trains and low cost flights are all very affordable. There is no real guideline in this regard as it depends entirely on how far and frequently you are travelling.&#8221;</p>
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		<title>Thailand Travel Information</title>
		<link>http://www.thailandprice.com/blog/thailand-travel-information/</link>
		<comments>http://www.thailandprice.com/blog/thailand-travel-information/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 03:09:43 +0000</pubDate>
		<dc:creator>Sarah Baltic</dc:creator>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Thailand Travel]]></category>
		<category><![CDATA[Tourist Seasons]]></category>
		<category><![CDATA[Travel Information]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=111</guid>
		<description><![CDATA[Thailand is the most popular destination in Southeast Asia. Millions of travelers from all over the world visit this beautiful country which is renowned for its hospitality, Buddhist temples and breathtaking natural beauty. Thailand has something to offer to everyone irrespective what your tastes are. The best time to visit Thailand is from February to [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand is the most popular destination in Southeast Asia. Millions of travelers from all over the world visit this beautiful country which is renowned for its hospitality, Buddhist temples and breathtaking natural beauty. Thailand has something to offer to everyone irrespective what your tastes are.</p>
<p>The best time to visit Thailand is from February to March when the weather is perfect and the time is ideal to have a wonderful beach holiday. July to November can be uncomfortable since the rainy season starts in July and goes on till November. During this period, the weather can be unpredictable and extremely humid and sticky.</p>
<p>The peak tourist seasons are August, November, December, February and March. Air tickets to Thailand in the peak season are extremely expensive and it is a good idea to book tickets well in advance so that you can avail cheap fares. The secondary peak months are in January and July.</p>
<p>For those who want to save on money, the best time to visit Thailand would be during the off peak months of April, May, June, September and October. You will not only save money on air fare but you will save money on accommodation. During off peak season, discounted rooms are widely available. Even in the peak season you can get a good deal if you avoid the regular tourist spots like Bangkok, Chiang Mai and Phuket.</p>
<p>Once you are in Thailand, all you need to do is relax and enjoy your holidays with the exotic Thai cuisine, the breathtaking natural beauty and the magnificently architectured temples.</p>
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		<title>Online Shopping Mall</title>
		<link>http://www.thailandprice.com/blog/online-shopping-mall/</link>
		<comments>http://www.thailandprice.com/blog/online-shopping-mall/#comments</comments>
		<pubDate>Mon, 27 Jun 2011 03:32:01 +0000</pubDate>
		<dc:creator>Tony Brown</dc:creator>
				<category><![CDATA[Shopping Mall]]></category>
		<category><![CDATA[Price]]></category>
		<category><![CDATA[Product]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=109</guid>
		<description><![CDATA[A bow to science and technology that today shopping is not restricted inside the peripheral of a shopping mall, local stores and other such outlets. The internet today has revolutionized the way we shop, and this phenomenon has gained enormous exaltation through online shopping mall. Online shopping is the practice of shopping different goods or [...]]]></description>
			<content:encoded><![CDATA[<p>A bow to science and technology that today shopping is not restricted inside the peripheral of a shopping mall, local stores and other such outlets. The internet today has revolutionized the way we shop, and this phenomenon has gained enormous exaltation through online shopping mall.</p>
<p>Online shopping is the practice of shopping different goods or services from the internet. There are different e-shops, web stores and other such virtual places over the internet where one can purchase the items he needs. Just like a physical shopping mall where you can purchase almost everything you need, likewise online shopping malls are sites where you can purchase many different products.</p>
<p>These sites offer numerous products from different brands, and from the expediency of your home you can buy myriad range of things ranging from electronic items, home appliance, interior decorative, clothes, cleaning products, and the list can just go on with the click of a button.</p>
<p>The best part about buying products from an online shopping mall encompasses various advantages. The eminent factor being that these products are readily available for cheaper prices when compared with local stores. Shopping online also gives the leverage of reading reviews about the particular product from those who have already used it. This enables a better purchasing decision.</p>
<p>Do not misunderstand that these products are cheap because they are not in good quality. The reason why these products are cheap is because site owners do not have to pay rent for a store when compared to retail outlets. This saves them a lot of money, so they don&#8217;t need to charge a higher price on the items they sell.</p>
<p>Another reason as to why items are more affordable online is that the site establishment does not have to pay any staff. There is no staff online, as it is you who can see the items displayed, with various viewing options that make you take a closer look at the product. And you can select the item, pay for it and the next day it is delivered to your home!</p>
<p>Advantages are in abundance for online shopping, as the product is delivered to your home at just the click of a button. The frustrating hassles of irritating traffic jams, long tiring queues, running from pillar to post for a single product and facing bad quality is all wiped off when shopping from an online shopping mall.</p>
<p>What else? These shopping malls also unfolds various discount and too good to believe deals. You can find various discount rates on almost all the product you will be buying. This will save you a lot of money. The best part is, sometimes you do not have to pay the full money at once when purchasing a product. Installment options are provided for customers who buy online. This relieves a great deal as you can bring home more than you might have imagined.</p>
<p>Today thousands of people are seeing online shopping malls as a full fledged resort to all their shopping requirements.</p>
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		<title>Site of the Month for June 2011</title>
		<link>http://www.thailandprice.com/blog/site-of-the-month-for-june-2011/</link>
		<comments>http://www.thailandprice.com/blog/site-of-the-month-for-june-2011/#comments</comments>
		<pubDate>Mon, 06 Jun 2011 03:59:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=107</guid>
		<description><![CDATA[Site of the Month for June 2011 is about Thailand amazing. Welcome to Thailand amazing with Thailand related links to browse for business, vacation &#038; tourism, import, export, shopping &#038; services, real estate, life &#038; health, industries, jewelry, computers, entertainment, food.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thailandamazing.com/"><img alt="Thailand directory" src="http://www.thailandamazing.com/images/logotext.gif" title="thailandamazing" class="aligncenter" /></a><br />
Site of the Month for June 2011 is about <a href="http://www.thailandamazing.com/">Thailand amazing</a>. Welcome to Thailand amazing with Thailand related links to browse for business, vacation &#038; tourism, import, export, shopping &#038; services, real estate, life &#038; health, industries, jewelry, computers, entertainment, food.</p>
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		<title>Pattaya Resort</title>
		<link>http://www.thailandprice.com/blog/pattaya-resort/</link>
		<comments>http://www.thailandprice.com/blog/pattaya-resort/#comments</comments>
		<pubDate>Sat, 28 May 2011 04:35:59 +0000</pubDate>
		<dc:creator>Tina Young</dc:creator>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Luxury Hotel]]></category>
		<category><![CDATA[Pattaya Resort]]></category>
		<category><![CDATA[Thailand Travel]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=106</guid>
		<description><![CDATA[Pattaya is a popular tourist destination in Eastern Thailand. Here, you will love staying at Pattaya Resort that is located at the Southern side of the Pattaya Beach Road. If you talk about luxury resorts in Thailand, this one captures many top ranks. You can reach the Pattaya resort either through the driveway or through [...]]]></description>
			<content:encoded><![CDATA[<p>Pattaya is a popular tourist destination in Eastern Thailand. Here, you will love staying at Pattaya Resort that is located at the Southern side of the Pattaya Beach Road. If you talk about luxury resorts in Thailand, this one captures many top ranks.</p>
<p>You can reach the Pattaya resort either through the driveway or through the adjacent shopping arcade. As you enter the resort, you will find yourself in the beautiful garden having mythical statues, fabulous swimming pools, exotic plants, ornamental furniture, luxurious restaurants and more. The most adorable feature of this resort is its calm and soothing environment that liberates you from all your stresses. The lobby of the resort is stunningly decorated featuring Oriental vases, red sofas and marble columns. When you look at corridors, you will be amazed by their simplicity that makes it gorgeous. The plush carpets over there enhance their attraction.</p>
<p>Rooms in the resort are nothing less than heaven since they are laced with every possible luxury. They are well appointed and exquisitely decorated with rich furnishings and artifacts. They king-sized beds, floor to ceiling windows, double beds, mini bar and more.</p>
<p>You can enjoy a snack in the Garden Terrace Cafe while viewing the beautiful surroundings. You can have snacks in this cafe all day long as it is opened 24 hours a day. Apart from traditional Thai food, you can also enjoy pizza, fresh seafood and other specialties.</p>
<p>The wall-mounted panels in the resort have avian themed murals that render an enchanting beauty. At The Narissa Oriental restaurant, you can eat great food in the company of soul relaxing music. You can also enjoy Pattaya bars there.</p>
<p>Considered among the best beach resorts in the world, Pattaya resort is located at a small distance of 150 km from Bangkok. This is resort is so popular that tourist come here repeatedly every year. People from different start of society come here to visit- singles, couples, families, retirees and more.</p>
<p>The beach is attractive as it has long sandy beaches, water sports facilities and other attractions. It offers loads of fun activities that allow you to have memorable holidays. The travelers from all over the world love this place for its exotic nature, tranquility and captivating decorations.</p>
<p>Once you get here, you will be welcomed by an ambience that is the combination of East and West. Its tropical environment has all the elements that are required to provide exotic holiday experience. It offers best hotels, throbbing nightlife, best shopping areas, best restaurants and more. As the resort offers best dining facilities, you can relish variety of exotic cuisines.</p>
<p>Furthermore, if you are sporty kind of person, Pattaya resort offers vast sports opportunities especially scuba diving. A stint with scuba diving here can be a lifetime experience for you. You can also have a good time checking amusement parks and museums and other places of cultural entertainment.</p>
<p>At Pattaya resort, you can relax your mind and rejuvenate body. It features the perfect combination of classic decor and modern ambiance that helps release your stress.</p>
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		<title>Thailand Famous Vacation Destinations</title>
		<link>http://www.thailandprice.com/blog/thailand-famous-vacation-destinations/</link>
		<comments>http://www.thailandprice.com/blog/thailand-famous-vacation-destinations/#comments</comments>
		<pubDate>Mon, 16 May 2011 03:03:51 +0000</pubDate>
		<dc:creator>Sarah Baltic</dc:creator>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Chiang Rai]]></category>
		<category><![CDATA[Golden Triangle]]></category>
		<category><![CDATA[Pattaya]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=103</guid>
		<description><![CDATA[Thailand is a beautiful country with rich heritage and culture. The exotic naturally beauty, alluring landscapes, and moderate climate will offer great retreat to the travelers. No wonder Thailand has become the most preferred vacation destination and millions of people visit this land of wonder every year. Among other tourist attractions, Golden Triangle is considered [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand is a beautiful country with rich heritage and culture. The exotic naturally beauty, alluring landscapes, and moderate climate will offer great retreat to the travelers.</p>
<p>No wonder Thailand has become the most preferred vacation destination and millions of people visit this land of wonder every year. Among other tourist attractions, Golden Triangle is considered to be one of the most famous tourist destinations in Thailand. This triangle produces opium, which often tempts the tourists to gather near this place to gain a strange type of experience.</p>
<p>This area is covered with beautiful temples and shrines, with several sight seeing spots including towns and villages forecasting the wonderful landscape.</p>
<p>Chiang Rai in Thailand has many historic sites to explore, including elephant rides and eye-catching Doi Tung Royal Villa that is sure to provide a breathtaking experience. The main aspect that differentiates vacation destination in Thailand from that of other countries is the beautiful weather.</p>
<p>The best period to visit the beautiful places of Thailand is December to February, which is often referred to as, &#8220;cool season&#8221;. There are many tourist attractions in the country that often grabs the attention of many travelers.</p>
<p>Some of them include: Pattaya, one of the most famous ocean site resort, with many affordable restaurants that falls under the budget of every traveler, Koh Samui covered with many beach hotels, where you can enjoy the exotic beauty of beaches along coastline, Phuket, called &#8220;Pearl of the south&#8221; has variety of restaurants that offers extraordinary Thai cuisines.</p>
<p>These entire vacation destinations are sure to make your Thailand Travel a memorable one.</p>
<p>So there you have it &#8211; explore the features and various vacation destinations of Thailand Travel and enjoy what this amazing country has to offer.</p>
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		<title>Thailand Real Estate: Is There a Property Tax?</title>
		<link>http://www.thailandprice.com/blog/thailand-real-estate-is-there-a-property-tax/</link>
		<comments>http://www.thailandprice.com/blog/thailand-real-estate-is-there-a-property-tax/#comments</comments>
		<pubDate>Thu, 21 Apr 2011 04:39:17 +0000</pubDate>
		<dc:creator>Yuuna</dc:creator>
				<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Thai Business]]></category>

		<guid isPermaLink="false">http://www.thailandprice.com/blog/?p=100</guid>
		<description><![CDATA[Thailand does not have a real property tax system and, for the time being, there are two local taxes applicable to people who own immovable property. The first tax is the Local Development Tax imposed upon people who either own or possess land. This tax rate varies according to the estimated land value as appraised [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand does not have a real property tax system and, for the time being, there are two local taxes applicable to people who own immovable property.</p>
<p>The first tax is the Local Development Tax imposed upon people who either own or possess land. This tax rate varies according to the estimated land value as appraised by the local authorities. Allowances may be granted if the owner utilizes the land for personal dwellings, animal husbandry and/or the cultivation of crops. The extent of these allowances depends upon the location of the land. It is said that the rates are so low that officials don&#8217;t usually bother to collect on a yearly basis. This tax is also levied on houses, buildings or any other improvements built on the land.</p>
<p>Then there is the House and Land Tax, which applies to the owner of a house, building, structure or land that is either rented or put to commercial use. Taxable property under the House and Land Tax includes houses not occupied by the owner, industrial and commercial buildings and land used in connection therewith. The tax rate is 12.5% of the estimated annual rental value of the property or the actual rental value, whichever is the highest. Owner occupied residences are exempt from this tax. Note, however, that this exemption applies only to individuals, not to juristic persons, because juristic persons are deemed to use their property commercially. In other words, a company that purchases an office has to pay the tax, even if the company uses the premises to serve its own offices. There is a project to replace the House and Land Tax with a real property tax within 2 years, wherein the rate would be from 0.01% up to 1% of the estimated value of the property, depending upon the property type. The rate would be 0.01% on agricultural land, 0.1% on personal residences; 0.5% on commercial buildings and 1% on undeveloped land.</p>
<p>Note that it is possible to mitigate the cost of the House and Land Tax. If, for example, you rent condominium in Pattaya fully furnished, you may choose to execute two agreements with your lessee. The first agreement will be for the rental of the condominium unit and the second agreement will be for the rental of the furniture and/or additional services (if any are provided). This will reduce the cost of the House and Land tax because the tax only applies to the yearly rent received from renting out the property, but not on the rental income received from renting out the furniture, etc.</p>
<p>If the rental agreements are executed between two individuals, there is no VAT applicable on the furniture or service agreements. If, however, the owner of the condominium is a company and if the company is registered for the VAT, then the VAT will apply at 7% on the furniture or service agreements executed between the lessor and the lessee.</p>
<p>For example, if you rent out condominium in Pattaya fully furnished for a rental fee of THE 60,000 per month and only make one agreement with your Lessee, then you&#8217;ll have to pay a yearly House and Land Tax as follows: 60,000 x 12 x 12.5% = THE 90,000. You can save on taxes legally by simply breaking the rental fee down into two agreements. For example, the rental fees may be THE 35,000 per month for renting out the condominium and THE 25,000 for renting out the furniture. If you break the rent down in this way, the Land and House Tax will be only THE 35,000 x 12 x 12.5%= THE 52,500. If, however, the owner of the condominium is a company registered for VAT, then it will have to apply the VAT to the furniture lease agreement. Even so, the company owning the property will save money on taxes, because the Lessee supports the cost of the VAT.</p>
<p>The matter of the withholding tax also applies when renting out. If an individual leases a property to another individual in Thailand, the payment of the rent is not subject to withholding taxes. However, when a company is renting a property, then the company will have to deduct a withholding tax from the amount of the rent paid to the owner (whether an individual or a company). The amount withheld must be paid to the tax administration on behalf of the owner who will use the withholding tax as a tax credit against the yearly income tax. The rate of the withholding tax is 5% in Thailand. Note that when a rental fee is paid outside Thailand, the amount of the tax to be withheld from the payment is 15%. Furthermore, if you are a non-resident offered a rental guarantee by a developer, never forget to take the withholding tax into account when calculating your potential income.</p>
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