- The government plans to increase value-added tax (VAT) to boost revenue as part of its fiscal strategy.
- The VAT is scheduled to reach 10% under the medium-term fiscal plan for 2027-2030.
- The ongoing energy crisis may force the government to revise its fiscal plan, potentially affecting the timing or feasibility of the VAT increase.
- Lower-than-expected GDP growth due to the energy crisis could make it harder to achieve revenue targets from the VAT hike.
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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