Reduced value-added tax rate extended

The reduced value-added tax (VAT) rate of 7% was set to expire after 30 September 2017, unless another law was passed extending it.

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

13 November 2017

In October 2017, the Thai government issued Royal Decree Number 646 to extend the reduced VAT rate of 7% for another year, from 1 October 2017 to 30 September 2018.