Thailand’s king exempt from taxes on some properties
- Some of the king’s lands and establishments will now be exempt from taxes, according to new legislation
- Crown Property Bureau holds titles to 6,560 hectares of land, 40,000 rental contracts nationwide
Thailand’s King Maha Vajiralongkorn will be exempt from taxes on some of his land, according to a government announcement.
The king, who marked his 67th birthday on Sunday, has overseen major changes to the way royal affairs are managed since taking the throne in 2016.
The Crown Property Bureau, which manages the multibillion dollar holdings of the monarchy and controls huge swathes of land in Bangkok, was placed under the king’s direct control in 2017. Its previous tax exempt status was then removed.
But some of the king’s lands and establishments will now be exempt from taxes, according to a new legislation published in the Royal Gazette last week. They include lands and establishments that are “used in state affairs, royal affairs, or used by agencies under the king”, the document said.
Properties used in other capacities by the king or members of the royal family, for public interest, or used as religious places, will also be tax-free.
Those that do not fit the above descriptions will be tax-free “only in the parts that are used for non-profit purposes”, the document added.