The Ministry of Finance has announced the amendment of the Revenue Code and Value Added Tax (VAT) regulations, specifically concerning exemptions for VAT. The announcement cancels Section 521 of the Ministry of Finance’s announcement regarding income tax and VAT, which pertains to exemptions for public welfare organizations, hospitals, and educational institutions. The amendment refers to the revised version of the VAT exemption, issued in 2534 B.E., which was further amended by the Royal Decree on the VAT exemption, issued in 2535 B.E. The Minister of Finance declares the cancellation of Section 521, and the announcement comes into effect from May 19, 2554 B.E.
Source: rd.go.th
Latest Posts in "Thailand"
- E-Invoicing Remains Voluntary — 2026/2027 Updates and Tax Incentives
- Thailand — E-Invoicing & E-Reporting Country Booklet
- Thai Gold Traders Warn VAT and Tighter Rules Could Hurt Savings and Confidence
- Key VAT Rules for Influencers in Thailand: Registration, Filing, and Compliance Essentials
- Tax Guidance for Selling Obsolete Inventory Below Market Value in Thailand: Key Rules and Documentation
