- Thailand’s Cabinet approved in principle a one-year extension of the reduced VAT rate.
- The 7% VAT will remain in effect from October 1, 2026, to September 30, 2027, instead of rising to 10%.
- The extension covers goods sales, services, and imports.
- The move aims to ease living costs, encourage spending, boost business confidence, and support investment.
Source: kaohooninternational.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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