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The Thai Cabinet extended the standard 7% VAT rate and 6.3% reduced rate until September 2026, delaying the previously planned return to 10% to support economic stability and domestic consumption.
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The original VAT reduction was introduced after the 1997 financial crisis to ease economic pressures; maintaining lower rates reflects challenges in restoring higher taxes amid fragile growth and public sentiment.
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The extension ensures continuity and predictability for households, businesses, and investors, highlighting how temporary fiscal measures can evolve into long-term strategies prioritizing consumer spending and economic resilience.
Source: vatabout.com
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