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Suggestion to raise VAT from 7% to 10%

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

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