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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.

Explore more content like this in our Building for COVID-19 recovery hub

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara
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