Reduced value-added tax rate (VAT) extended

The reduced value-added tax rate of 7% was set to expire after 30 September 2018, unless another law was passed extending it.

Keywords: Mazars, Thailand, Tax, VAT, Royal Decree

14 November 2018

In October 2018, the Thai government issued Royal Decree Number 669 to extend the reduced VAT rate of 7% for another year, from 1 October 2018 to 30 September 2019.