Thailand extends 7% VAT rate
- Aug 28, 2020 | Richard Asquith
Thailand has agreed to extend the current discounted standard Value Added Tax rate of 7%. It will remain in place until at least 30 September 2021. You read about local compliance in our Thai VAT guide.
The postponement is to recognise the challlenges of COVID-19 on businesses and consumers. See Avalara's live global coronavirus VAT measures. The plan to raise the rate to 10% has been rolled over for almost ten years.