Thailand’s Cabinet approved a resolution extending the reduced 7% VAT rate on imports, sale of goods, and provisions of services until 30 September 2025.
The extension pushes the previous end date from 30 September 2024.
The announcement was made by the Thai Revenue Department on 17 September 2024.
Related Posts
Thailand’s Deputy Finance Minister Paopoom Rojanasakul announced that the country will implement a carbon tax by 2025, as part of its efforts to address climate change and promote sustainable practices, on 26 September 2024. The carbon tax will
Read More
The US Department of the Treasury announced on 6 September 2024 that the Intergovernmental Agreement (IGA) between the US and Thailand for implementing FATCA came into effect on 28 April 2024. However, Thailand is considered to have had the IGA in
Read More Thailand’s Council of Ministers approved a letter of intent to sign the Multilateral Convention for the Pillar Two Subject-to-Tax Rule (STTR MLI), according to a government release on 27 August 2024. Thailand's finance minister is expected to
Read More
Officials from Thailand and Kazakhstan met to discuss bilateral cooperation, including the interest of Thailand's Revenue Department in reviving discussions for the negotiation of an income tax treaty, on 15 August 2024. According to the
Read More
The Thailand Board of Investment (BOI) approved a series of new incentives to promote investment in joint ventures (JV) between Thai and foreign companies regarding the manufacturing of automotive parts and components for vehicles using all types of
Read More The OECD announced that it started accession discussions with Thailand on 18 June, 2024, making it the second country from Southeast Asia to become an OECD accession candidate this year. The decision builds on many years of increasing cooperation
Read More
