- The incoming Bhumjaithai-led government will not raise the VAT rate to 10% in the next three years.
- The government’s immediate focus is on economic recovery.
- Although a Senate sub-committee proposed a phased VAT increase, the government dismissed any short-term plans for a VAT hike.
- Discussions about increasing revenue collection have occurred, but such measures are not planned for the next two to three years.
Source: bangkokpost.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"
- Thailand Confirms No VAT Increase, Maintains 7% Rate Until at Least 2026
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery Over Next Three Years
- Is It Time for Thailand to Raise VAT to 10%? Global and ASEAN Comparisons
- Thai Parties Oppose VAT Hike, Warn of Rising Costs for Households and Small Businesses
- Political Parties Unite Against Proposed VAT Hike Ahead of 2026 Thai Election
