Tax & Accounting Blog

Thailand Maintains 7% VAT Rate until October 2015

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

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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.

Source:

http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5707170010009

http://www.mazars.co.th/index.php/Home/Doing-Business-in-Thailand/Tax/7-VAT-Rate-Extended-for-Another-Two-Years