The Thai government is currently deliberating whether to reinstate the 10% VAT rate on September 30, 2023. The government has not yet reached a final decision on whether to increase the VAT rate. Factors under consideration include the potential impact on businesses and consumers. It’s important to note that if the government chooses not to extend the 7% VAT rate, it will automatically revert to the standard 10% rate on September 30, 2023.
Source: GVC
Click on the logo to visit the website
Latest Posts in "Thailand"
- 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
- 7% VAT Rate in Thailand Extended Until 2026
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official
- Thai Cabinet Extends 7% VAT Rate Until September 2026 to Support Economic Growth
