(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy  

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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Thailand VAT social tech firm

Revenue treads carefully into VAT collection from tech giants

Legal challenges await the Revenue Department’s plan to collect value-added tax (VAT) from cross-border e-services for the first time in Thailand, given the threat of counter measures from the US…

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Thai cabinet keeps VAT rate at 7% for another year

The Thai cabinet today decided to retain the 7% value-added tax rate for all trade transactions, services and imports subject to VAT until the end of September next year. Finance…

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Finance to propose retaining 7 percent VAT up to another 2 years

Thailand’s Finance Ministry will propose to the cabinet that the current 7% value-added tax rate be retained for a further one to two years, in line with the current economic…

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Cabinet freezes VAT at 7 percent for another year

The Cabinet today decided to maintain the value-added tax at 7 percent for another year as of October 1.   Mr Natthaporn Jatusripitak, spokesman of Deputy Prime Minister Somkid Jatusripitak,…

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