Why do I have to pay business tax over the selling price of my condo. I'm selling my own privately owned condo, owned in my own name, not a business, no inestment purposes. I do not make a profit on the sale. Still the agent handling the sale says I must deduct 3,3 % business tax from the sale proceeds and pay this to the land office. Is this correct? Are there no exemptions for foreigners who are just in Thailand for holidays?
Thailandlawonline
Thai law made simple