Extension of the reduced value-added tax rate
Currently, the value-added tax (VAT) rate is reduced from the normal rate of 10% to 7%. This reduction was set to expire after 30 September 2016, unless another law was passed extending the reduced VAT rate.
Keywords: Mazars, Thailand, Tax, VAT, Royal Decree
4 October 2016
In its meeting on 13 September 2016, the Cabinet approved a draft Royal Decree extending the reduced VAT rate of 7% for another year, from 1 October 2016 to 30 September 2017. Therefore, reduced VAT is expected to continue to apply for that period.