Bangkok: "Siripong" confirms there are no plans to raise VAT to 10% in the next 2-3 years. Siripong opposes the Senate's suggestion, urgently clarifying that there is no plan to raise VAT to 10% in the next 2-3 years. He points out that the urgent policy must be to revive the economy from its slump, not to collect more taxes from the people. He asks for public trust in the government.

According to Thai News Agency, Mr. Siripong Angkasakulkiat, Deputy Leader of the Bhumjaithai Party, addressed the Senate's Economic, Financial, and Fiscal Affairs Committee's proposal to restructure the tax system by gradually increasing VAT to 10%, and also commented on the credit rating agencies' views and recommendations on Thailand's monetary and fiscal policies, which have led to criticism that the new government is planning to raise taxes after the election. He affirmed that this is untrue, as the government is well aware of the numerous economic challenges facing the country this year. The government's policy is to urgently revive the economy before seeking revenue through VAT increases.

Mr. Siripong stated that there have been discussions about building credit to support various agencies that assess Thailand's creditworthiness, which would require additional revenue collection. This is a concept that has been discussed, but it definitely won't happen in the next 2-3 years. The economy needs to improve first. He emphasized that when the Thai people feel the economy is doing well and growing-because growth isn't just about numbers, it also requires money being distributed to various sectors-then a review of the adjustments will be considered. He reiterated, however, that it won't happen in the short term of 2-3 years. He urged the public to have confidence in the government, led by Mr. Anutin Charnvirakul and the economic team.