VAT reduction to 7% to be extended another 2 years

VAT reduction to 7% to be extended another 2 years

VAT was a 10% back in 1998, when the Government decided to low it to 7% to help businesses and reactivate the economy .
It was said that in 2021 they were planning to increase it back to its original 10% but they have decided to extend the 7% for yet anther two years, until the 30th of September 2023.
Find attached the official communications from both the Ministry of Finance and the Revenue Department. Note that we do only have these documents in Thai language.

VAT-extend-_-Ministry-of-Finance

VAT-extend-_-Revenue-Department