The Japan International Cooperation Agency (JICA) signed a Record of Discussions (R/D) with the Royal Thai Government on October 25 in Bangkok on the technical cooperation project “Capacity Enhancement of Fixed Asset Evaluation Project”.
In Thailand, the new land and house tax will take effect in 2019, and although the tax base has been changed to the assessed value of assets, there have been challenges in the areas of objectivity and transparency of the assessment criteria, fixed asset data, and training systems when conducting fixed asset assessments.
In light of this situation, this project aims to improve the efficiency and accuracy of fixed asset valuation through the improvement of fixed asset valuation operations at the Asset Valuation Standards Department, Department of Finance, Ministry of Finance, Thailand, and others, and to contribute to SDG (Sustainable Development Goals) Goal 10 (eliminate inequality among people and countries) and Goal 17 (achieve goals through partnership). (Let’s achieve the goals in partnership).
The details of the project are as follows
© Source JICA