General

Cabinet extends reduction of VAT rate to 7% for another year.

The Cabinet agreed to extend the period for reducing the VAT rate to 7% for another year for all sales of goods, services, or imports. From 1 Oct. '23 - 30 Sep. '24

Reporters reported that Cabinet meeting Agreed to extend the period for reducing the VAT rate to 7% for another year for all cases of sales of goods, provision of services, or imports. From 1 October 2023 to 30 September 2024 to support the recovery of consumption spending and private investment within the country. Including building confidence in the business sector. This will allow the Thai economy to expand as expected. which will lead to the economic stability of the country in the future

If you have any questions, you can ask for more information at any tax office nationwide. or the Revenue Department Information Center (RD Intelligence Center) Tel. 1161.

Source: Thai News Agency