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"
- Thai Cabinet Extends 7% VAT Rate Until September 2026 to Support Economic Growth
- Effects of Inventory Discrepancies on VAT and Corporate Tax Compliance in Thailand
- Thailand Extends 6.3% Reduced VAT Rate on Goods, Services, Imports Until September 2026
- Thailand Maintains 7% VAT Rate for Another Year to Support Economic Growth
- Thailand Extends 7% VAT Rate for Another Year, Delaying Return to 10% Until 2026
