August 31, 2021
Thailand's VAT to remain at 7% for an additional two years
On 24 August 2021, the Thai Cabinet approved the extension of the reduced Value Added Tax (VAT) rate of 7% for another two years to sustain the economic stability of the country. The 7% VAT rate will, therefore, continue to be applied for sales of goods, provisions of services and imports of goods from 1 October 2021 until 30 September 2023.
For additional information with respect to this Alert, please contact the following:
EY Corporate Services Limited, Indirect Tax, Bangkok