Tax & Accounting Blog

Thailand Maintains 7% VAT Rate until October 2015

Blog, Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management July 25, 2014

red parachute

Thailand’s ruling National Council for Peace and Order has extended the 7% VAT rate until 30 September 2015. The VAT rate in Thailand is set by the Revenue Code at 10%. In 2012, the rate was scheduled to increase to 10% but the 7% rate was extended until 2014.