- The caretaker Cabinet has extended the 7% VAT for another year, from October 1, 2025, to September 30, 2026, to avoid economic impact. This decision was made to prevent a potential increase to 10% VAT and to mitigate the ongoing economic crisis. The caretaker government also acknowledged a report on the 10,000-baht handout project, which positively impacted the economy.
Source: nationthailand.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"
- 7% VAT Rate in Thailand Extended Until 2026
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official
- 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
