- Thailand’s Prime Minister Paetongtarn Shinawatra decided against increasing the value-added tax following public and political backlash
- The proposal by the finance minister suggested more than doubling the tax which faced criticism from the opposition and a coalition member
- The Prime Minister confirmed the tax will remain unchanged after discussions with the Finance Minister and her Policy Advisory Board
- The Finance Ministry is currently examining modifications to the existing tax structure to address inequality
Source: news.bloombergtax.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.
Latest Posts in "Thailand"
- How to Claim a VAT Refund in Thailand: A Step-by-Step Guide for Tourists
- How to Verify a Thailand VAT ID Online: Process, Importance, and Compliance Risks Explained
- Thailand Launches D-VAT & SBT Digital Platform to Streamline VAT and Business Tax Services
- Thailand Updates Input VAT Allocation Rules for Mixed and Out-of-Scope Business Activities
- Thailand Revenue Department to Expedite B160bn VAT Refunds for Business Liquidity
