Extension for 7% VAT up to 30 September 2025

Extension for 7% VAT up to 30 September 2025

• Following the approval from the Thai Cabinet, on 20 September 2024, Royal Decree No. 790 has been issued to extend Thailand's reduced VAT rate of 7% (inclusive of local tax) for another year. The extension of the rate reduction (from 10% to 7%) will be effective from 1 October 2024 until 30 September 2025.