Pridiyathorn foresees delay for VAT hike

FRIDAY, MARCH 20, 2015
Pridiyathorn foresees delay for VAT hike

Deputy Prime Minister MR Pridiyathorn Devakula said on Friday that the government may postpone an increase in value-added tax (VAT) by another year, due to sagging economic condition.

The VAT is now kept at 7 per cent. Without the government's decision, the statutory level of 10 per cent would be applied in October.
He reiterated that the economic growth this year would be 4 per cent, due to an increase in public spending. Meanwhile, Thialand's export growth should be limited at 2-4 per cent. 
The Nation