Reduced VAT rate of 7% is extended for another year

Royal Decree No. 780, published in the Royal Gazette on 16 September 2023, extends the application of the reduced VAT rate of 7% for another year.

Keywords: Mazars, Thailand, Tax, VAT, Extension

The VAT rate of 7% will apply to sales of goods, service provisions, and import transactions done from 1 October 2023 to 30 September 2024.