Short answer: When buying a condo in Pattaya, the primary taxes and fees include the transfer fee, specific business tax (if applicable), stamp duty, and withholding tax. The transfer fee is 2% of the registered value, typically shared equally between buyer and seller.
When buying a condo in Pattaya, the primary taxes and fees include the transfer fee, specific business tax (if applicable), stamp duty, and withholding tax. The transfer fee is 2% of the registered value, typically shared equally between buyer and seller. If the seller has owned the property for less than five years, a 3.3% specific business tax may apply. Alternatively, stamp duty at 0.5% is charged if specific business tax does not apply. Withholding tax is calculated based on whether the seller is an individual or a company. It's essential to clarify who covers which costs in the sale agreement. These taxes are paid at the Land Office during the transfer process.