- Thailand’s Cabinet extended the temporary reduced VAT rate of 7% for one more year.
- The lower rate will now stay in effect until September 30, 2027, instead of expiring in 2026.
- It applies to goods sales, services, and imports to help ease living costs and support economic growth and consumer spending.
- Without the extension, VAT would have returned to 10%.
Source: taxathand.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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