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कोशिश गोल्ड - मुक्त

THE BURDEN OF GIVING

Bangkok Post

|

March 25, 2025

Wiroj Lakkhanaadisorn, deputy leader of the People's Party, sparked public interest over gift tax after accusing Prime Minister Paetongtarn Shinawatra of avoiding payments amounting to 218.7 million baht during the first day of the censure debate.

According to Mr Wiroj, parents can transfer assets worth up to 20 million baht tax-free annually to their children. Instead of relying on this exemption, Ms Paetongtarn allegedly opted for a different approach to avoid the payment.

What is a gift tax?

Gift tax is imposed on assets transferred to or received from children, spouses, relatives or other living individuals. It was aimed at preventing the avoidance of inheritance tax when it was brought in on Feb 1, 2016.

Who are classified as ascendants and descendants?

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