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 Parties Oppose VAT Hike, Warn of Rising Costs for Households and Small Businesses
- Political Parties Unite Against Proposed VAT Hike Ahead of 2026 Thai Election
- Thailand to Impose VAT and Duties on All Online Imported Goods from 2026, Ending Low-Value Exemption
- Thailand Mulls Higher, Uniform Import Duty on Low-Value Goods to Boost Fair Competition
- Thailand to End Duty Exemption for Low-Value Imports from January 2026
