Reduced VAT rate extended
The Thai government has issued Royal Decree No. 592, which will be effective from 1 October 2015. The Royal Decree extends the VAT rate of 7%, reduced from the normal rate of 10%, for another year (until 30 September 2016).
Keywords: Mazars, Thailand, Tax, VAT, Royal Decree No. 592
07 October 2015
Therefore, after 30 September 2016, unless another Royal Decree extends the reduced VAT rate again, the rate will return to 10%.