- Finance Minister Pichai Chunhavajira decided not to impose VAT on businesses earning less than B1.8 million annually
- Decision aimed at increasing state revenue and reducing budget deficit
- Business community and SMEs are concerned about potential VAT expansion
- Concerns focus on exacerbating struggles for SMEs
Source: thephuketnews.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.
