- Thailand will keep the 7% VAT rate until at least 2028 to support economic recovery.
- The government may raise VAT to 8.5% from 2028, with a return to the 10% rate likely not before 2030.
- The 7% VAT rate was introduced during the COVID-19 pandemic, reduced from the standard 10%.
- The current 7% rate was recently extended until September 2026.
- Economic growth is expected to slow in 2025 and 2026, according to the IMF.
Source: answerconnect.cch.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.
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