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Thailand considers VAT rise to 8%

  • VAT
  • 01 April 2013 | Richard Asquith

Thailand considers VAT rise to 8%

The Bangkok government is again considering a rise in its Value Added Tax rate from 7% to 8%.

Thailand's VAT rate has been held at the 'temporary' lower 7% rate for a number of years, and come under the spotlight once a year.  Whilst Thailand has one of the lowest consumption tax rates in the world, the economy is still considered too fragile to take a rise in the tax rate.

There are number of large infra-structure projects underway at the moment, and their completion may be considered an ideal time to increase the rate.

Japan has announced recent plans to raise its Consumption Tax rate to 10% by 2015


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.