Extension of Reduced VAT Rate
The Thai government recently issued Notification of the National Council for Peace and Order No. 65/2559, which became effective on 1 October 2016.
Keywords: Mazars, Thailand, Tax, VAT
02 December 2016
This law extends the VAT rate of 7%, reduced from the normal rate of 10%, for another year (until 30 September 2017). Therefore, after 30 September 2017, unless another law extends the reduced VAT rate again, the rate will return to 10%.