Govt may increase VAT next year: Sommai
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Finance Minister Sommai Phasi said Wednesday that the government may increase VAT after the extension of 7-per cent rate expires at the end of September next year. He said the government has not increased VAT for several years although the law sets the ra
He said the government will have yet to consider an appropriate rate. If the VAT is increased by 1 per cent, the state’s revenue will be increased by Bt40 billion to Bt50 billion, he said.
The Nation
