Government Dismisses Rumors of VAT Increase, Affirms No Plans to Raise Tax Rate

• The government denies any plans to increase VAT from 7% to 10%, calling such reports misinformation.
• Officials emphasize their focus is on reducing household expenses and supporting economic recovery.
• No emergency decree for large-scale borrowing or VAT changes has been decided.
• A Senate committee withdrew a tax restructuring proposal to avoid public confusion; the Senate cannot force the cabinet to act on it.
• Thailand’s VAT rate remains low compared to other ASEAN countries, and no VAT adjustment is planned.

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.

---

---