- VAT Rate Extension: The Thai Cabinet has extended the reduced VAT rate of 7% until September 30, 2026, following an announcement by the Office of the Prime Minister on September 9, 2025.
- Background on VAT Rate: The standard VAT rate in Thailand is 10%, but it was reduced to 7% as part of economic measures following the 1997 financial crisis to stimulate growth.
- Economic Support: The Director-General of the Revenue Department emphasized that this extension aims to build confidence and support domestic consumption, helping to sustain economic growth in line with national targets.
Sources
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
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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