- Thailand’s Deputy Prime Minister and Finance Minister, Pichai Chunhavajira, announced that the government is still deciding whether to increase the VAT rate from 7% to 10% on 1 October 2025 or extend the current rate for another three years. The decision will be based on economic conditions, not political pressure. While a higher VAT could reduce public debt and support investment, it might negatively impact households and small businesses during slow economic growth. If no extension is granted, the VAT will rise to 10% in October 2025; otherwise, it will remain at 7% until at least September 2028.
Source: vatcalc.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.
Latest Posts in "Thailand"
- 7% VAT Rate in Thailand Extended Until 2026
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official
- Thai Cabinet Extends 7% VAT Rate Until September 2026 to Support Economic Growth
- Effects of Inventory Discrepancies on VAT and Corporate Tax Compliance in Thailand
- Thailand Extends 6.3% Reduced VAT Rate on Goods, Services, Imports Until September 2026
