Thailand: Reduced 7% VAT rate extended to 30 September 2024
Applies to VAT liabilities incurred from the sales of goods, service provisions, and import transactions
30 September 2024
The Thai Cabinet approved the Ministry of Finance’s proposal to maintain the reduced value added tax (VAT) rate of 7% for another year.
The reduced 7% VAT rate will include local taxes and apply to VAT liabilities incurred from the sales of goods, service provisions, and import transactions from 1 October 2023 to 30 September 2024.
Read a September 2023 report prepared by the KPMG member firm Thailand
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