VAT Rate Maintained

The Thai government has decided to maintain the value-added tax (VAT) rate at 7% for another year.

This regulation will remain in effect until September 29, 2018.

For reference, VAT was introduced in Thailand in 1992 at a rate of 10%, but was later reduced to 7% at the request of the business community and has not changed since.

Source: bangkokpost.com

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