This week Mr Sommai came up with a bold suggestion: the government should raise the value-added tax (VAT) rate from 7% to 10%. The hike, he said, will generate tens of billions of baht in revenue. Such a tax increase may be inevitable as numerous relief packages have left the state loaded with debt.
Source: bangkokpost.com
Latest Posts in "Thailand"
- Thailand Updates Excise Tax and Incentives for Electric Vehicles Under New EV 3.5 Package
- Thailand Confirms No VAT Increase, Maintains 7% Rate Until at Least 2026
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery Over Next Three Years
- Is It Time for Thailand to Raise VAT to 10%? Global and ASEAN Comparisons
- Thai Parties Oppose VAT Hike, Warn of Rising Costs for Households and Small Businesses













