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.
Source: https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dc780.pdf
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Pongphan Narasin Director - Taxation Practice Bangkok
Tax
Tax consulting services Thailand