Reduced value-added tax rate extended

The reduced value-added tax (VAT) rate of 7% was set to expire after 30 September 2019, unless another law was passed extending it.

Keywords: Mazars, Thailand, Tax, VAT

07 November 2019

On 30 September 2019, Royal Decree Number 684 issued by the Thai government was published in the Government Gazette to extend the reduced VAT rate of 7% for another year, from 1 October 2019 to 30 September 2020.