VAT to stay at 7% for another year
The Cabinet on Tuesday (August 25) resolved to maintain value-added-tax (VAT) at the current rate of 7 per cent for another year as proposed by the Finance Ministry.
Finance Minister Predee Daochai said the 7 per cent rate covers all products and services subject to VAT from October 1, 2020 to September 30, 2021.
He said rate is being maintained to help ease the burden on people until the economy can be revived.
