- Thailand’s Prime Minister Paetongtarn Shinawatra decided against increasing the value-added tax following public and political backlash
- The proposal by the finance minister suggested more than doubling the tax which faced criticism from the opposition and a coalition member
- The Prime Minister confirmed the tax will remain unchanged after discussions with the Finance Minister and her Policy Advisory Board
- The Finance Ministry is currently examining modifications to the existing tax structure to address inequality
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
