Govt not hiking VAT to 10% for 2-3 years: Bhumjaithai
BHUMJAITHAI Party confirmed that the new coalition government is not planning to increase value added tax (VAT) to 10% for the next two to three years amid criticism that this is what is looming, Naewna newspaper said today (Feb. 23). Mr. Siripong Angkasakulkiat, Bhumjaithai’s deputy leader, said concern about a VAT hike mounted after […]
Read MoreCabinet nod for extending 7% VAT rate for another year
THE CABINET has approved in principle a draft royal decree to be issued under the Revenue Code for extending the 7% VAT rate for another year from Oct. 1, 2025 till Sep. 30, 2026 to stimulate the economy, Naewna newspaper said this morning. Mr. Pinsai Suraswadi, director-general of the Revenue Department, said the Finance […]
Read MoreMinistry moves to slap 7% VAT on cheap imported goods
THE Finance Ministry will this week submit a draft on amending the Revenue Code to impose 7% value added tax (VAT) on all imported goods valued less than 1,500 baht for cabinet approval, TV Channel 7 said last night (May 12). Currently consumers buying low-value goods from overseas online platforms are exempt from this […]
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