- Thailand’s Cabinet extended the reduced 7% VAT rate for one more year, from October 1, 2026, to September 30, 2027.
- The move is intended to lower living costs, boost consumer spending, and support economic stability.
- It delays the return to the standard 10% VAT rate.
Source: news.bloombergtax.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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