On 13 September 2023, the Thai Cabinet approved the extension of the reduced VAT rate of 7% until 30 September 2024. Thailand’s standard rate is 10% but was reduced to 7% (including local tax) as part of special economic measures taken after the 1997 Asian financial crisis.
Source: Orbitax
Latest Posts in "Thailand"
- How to Claim a VAT Refund in Thailand: A Step-by-Step Guide for Tourists
- How to Verify a Thailand VAT ID Online: Process, Importance, and Compliance Risks Explained
- Thailand Launches D-VAT & SBT Digital Platform to Streamline VAT and Business Tax Services
- Thailand Updates Input VAT Allocation Rules for Mixed and Out-of-Scope Business Activities
- Thailand Revenue Department to Expedite B160bn VAT Refunds for Business Liquidity
