- Thailand plans to increase VAT in stages starting in 2028 as part of its fiscal strategy.
- VAT would rise from 7% to 8.5% in 2028, and to 10% in 2030.
- No VAT increase is expected in the next few years due to weak economic activity.
- VAT adjustments will only proceed if economic conditions improve.
- The changes aim to boost state revenue without hindering economic recovery.
Source: globalvatcompliance.com
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