- The new 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.
- A Senate sub-committee had proposed a phased VAT increase, but the government dismissed this idea for the short term.
- Discussions about increasing revenue collection have occurred, but no tax hikes are 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.
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