- Thailand’s Cabinet approved a draft royal decree extending the reduced 7% VAT rate for one more year.
- The lower VAT rate will now remain in effect until 30 September 2027, instead of ending on 30 September 2026.
- It applies to goods sales, services, and imports.
- The decision was approved on 27 July 2026 and will be implemented through a royal decree.
Source: globalvatcompliance.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.
