- Thai Cabinet approved extension of reduced VAT rate of 7% until 30 September 2025
- Standard VAT rate in Thailand is 10%
- Reduced rate was implemented after 1997 Asian financial crisis
- Rate is extended on a yearly basis
Source: orbitax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
