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Thailand delays VAT rise again to 2016

  • VAT
  • 21 March 2015 | Richard Asquith

Thailand delays VAT rise again to 2016

Thailand has confirmed that it will again postpone its long-awaited Value Added Tax increase from 7%.

There had been plans to raise Thai VAT to 8% in September this year. However, there has no been the hoped for growth in the economy or return in consumer sentiment. Thai VAT had been 10% for many years, but was cut during the global financial downturn – although the cut must be renewed every October 1.

Thailand is also under pressure to track its competitive neighbor, Singapore, which has a GST rate of 7%.


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.