The government of Thailand has announced a proposal according to which if approved the value added tax rate would be reduced from 7% to 6.3% between 1 October 2014 and 30 September 2015.
On the other hand an additional new, local sales tax rate of 0.7% would be introduced keeping the effective rate at 7%.
But from 1 October 2015 the VAT rate would permanently rise to 9%. Also there would be 1% charge of local sales tax making the effective rate to 10%.
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