- The Thai government has decided to extend the current 7% value-added tax (VAT) rate for another year, from October 1, 2025, to September 30, 2026, instead of increasing it back to the official 10% rate. The VAT rate was originally reduced from 10% to 7% in 1997 during the financial crisis and has been renewed every two years since then.
Source: kaohooninternational.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
