Understanding the 2024 Koh Samui Land and Building Tax

tax compliance

🌴🏠 Stay informed on the 2024 Koh Samui Land and Building Tax deadlines! Record Inspection Nov 2023 – Apr 2024, Tax Assessments due Apr – Jun. Contact Revenue Development Division for assistance. Let’s contribute to #KohSamui’s local development! 💰🌺 #TaxCompliance #LocalDevelopment 🏝️🏢

Key Dates for Land and Building Tax Compliance

The Koh Samui Municipal Government has released important dates for the payment of the Land and Building Tax for the fiscal year 2024. Property owners are encouraged to mark their calendars and prepare in advance to meet the following deadlines:

  • Record Inspection Period: The inspection of land and building records will commence in November 2023 and run through until April 2024. Property owners should utilize this period to ensure all their records are accurate and up-to-date.
  • Asset Appraisal Announcements: The value of properties as appraised by the government will be announced from February 2024 up to April 1, 2024. It’s crucial for property owners to note these values as they will serve as the basis for tax calculations.
  • Tax Assessment Notifications: Come April 2024, property owners will be notified of their tax assessments. This notification will detail the tax obligations based on the previously announced property appraisals.
  • Tax Payment Schedule: Taxes can be settled or arranged for installment payments starting from April up to the end of June 2024. Timely payments are advised to avoid any late payment penalties.

Signboard Tax: What You Need to Know

Businesses in Koh Samui that have signboards must also be aware of their tax responsibilities:

  • Form Submission Window: January to March 2024 is the designated timeframe for businesses to file their signboard tax forms. This process is mandatory for all who have signboards associated with their business.
  • Tax Payment Deadline: Once the tax assessment is communicated, businesses have 15 days to make the payment. If a signboard is newly installed, the form submission and tax payment must also occur within a 15-day window starting from the installation date.

Contact Information for Support and Queries

For those who need further clarification or assistance regarding the Land and Building Tax or the Signboard Tax, the Koh Samui Municipal Government has provided avenues for support:

  • Revenue Development Division: The dedicated division for all queries related to revenue and tax.
  • Office Location: Located within the Revenue Department Building, their doors are open for walk-in inquiries.
  • Phone Support: Reach out at 0-7742-6116, 118, 119, or 077-423-842 for direct assistance.
  • Online Communication: For those who prefer digital communication, the Line ID @SAMUILANDTAX is available for contact.

Contribution of Taxes to Local Development

The taxes collected from property and signboard owners play a significant role in the development of local infrastructure and public services. The Koh Samui Municipal Government emphasizes that these funds are reinvested into the community, enhancing the quality of life for all residents and supporting sustainable development initiatives across the island.

Final Preparation

As we approach the key dates for 2024, property and business owners should begin preparations to meet their tax obligations. With a clear understanding of the tax payment process and the support provided by the local government, taxpayers can contribute to the island’s prosperity while staying compliant with the regulations.

Frequently Asked Questions

What are the critical dates property owners should be aware of for the 2024 Koh Samui Land and Building Tax?

The 2024 Koh Samui Land and Building Tax involves several key dates that property owners must keep in mind. The Record Inspection Period begins in November 2023 and extends through April 2024. This is the time to verify that all property records are current. Government Asset Appraisal Announcements will occur from February to April 1, 2024, with Tax Assessment Notifications following in April 2024. Property owners have from April up to the end of June 2024 to settle their tax payments or arrange installment plans.

How do signboard taxes work in Koh Samui, and what are the deadlines for businesses?

Businesses with signboards must submit their Signboard Tax forms between January and March 2024. After receiving the tax assessment, companies have 15 days to pay the assessed amount. If a signboard is installed at any point during the year, both the form submission and the tax payment must be completed within a 15-day period starting from the signboard’s installation date.

Where can I seek assistance or further clarification on the Koh Samui Land and Building Tax requirements?

Assistance for the Koh Samui Land and Building Tax can be sought from the Revenue Development Division. For in-person inquiries, visit the Revenue Department Building. Alternatively, call their support numbers at 0-7742-6116, 118, 119, or 077-423-842. For digital communication, contact them through Line ID @SAMUILANDTAX. The division is set up specifically to help taxpayers with any queries or issues regarding their tax obligations.