7% VAT Rate Extended in Thailand for One More Year

The Prime Minister, Prayut Chan-o-cha, used Section 44 of the interim constitution of Thailand for extending the 7% value-added tax (“VAT”) for another year.  The announcement was published on the Royal Gazette on 1st November 2016 and took effect retroactively from 1st October 2016.

Under Section 80 of the Revenue Code, the VAT rate is 10% but successive governments have reduced it to 7% each year since 1997.


The information provided in this document is general in nature and may not apply to any specific situation. Specific advice should be sought before taking any action based on the information provided. Under no circumstances shall LawPlus Ltd. and LawPlus Myanmar Ltd. or any of their directors, partners and lawyers be liable for any direct or indirect, incidental or consequential loss or damage that results from the use of or the reliance upon the information contained in this document. Copyright © 2016 to 2020 LawPlus Ltd.