- Thailand’s new government has confirmed there will be no VAT hike in the next two to three years.
- The current VAT rate remains at 7%, extended until September 2026.
- The Bhumjaithai Party, led by Prime Minister Anutin Charnvirakul, won the February 2026 elections.
- Previous plans to increase VAT to 8.5% from 2028 and eventually to 10% are not being pursued at this time.
Source: vitallaw.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"
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery Over Next Three Years
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery for 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
