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Fitch flags political hurdles to Thailand’s deficit-cut plan and VAT hikes
Fitch flags political hurdles to Thailand’s deficit-cut plan and VAT hikes
THURSDAY, FEBRUARY 12, 2026
Fitch says Thailand’s deficit-cut plan relies on politically difficult VAT rises. Officials insist on fiscal discipline as risks to confidence persist.Pheu Thai defends ‘nine millionaires a day’ plan, eyes THB200bn VAT revenue
Pheu Thai defends ‘nine millionaires a day’ plan, eyes THB200bn VAT revenue
MONDAY, JANUARY 26, 2026
Pheu Thai has clarified that its “nine new millionaires a day” policy aims to bring people into the formal economy and tax system, generating projected annual VAT gains of at least 200 billion baht.Government to impose VAT and customs duties on imports from January 2026
Government to impose VAT and customs duties on imports from January 2026
TUESDAY, DECEMBER 16, 2025
From January 1, 2026, the government will impose VAT and customs duties on all imported goods valued from 1 baht upwards, ensuring fair competition for Thai small businesses without adding extra burdens for online shoppers.NESDC warns government to wait for economic recovery before raising VAT
NESDC warns government to wait for economic recovery before raising VAT
TUESDAY, NOVEMBER 25, 2025
The NESDC advises the government to delay VAT hikes until the economy revives, citing lessons from other countries and the need for gradual implementation.TDRI backs VAT rise to 8.5% to help fix Thailand’s budget deficit
TDRI backs VAT rise to 8.5% to help fix Thailand’s budget deficit
SATURDAY, NOVEMBER 22, 2025
A senior TDRI economist supports raising VAT from 7% to 8.5% in 2028 and to 10% in 2030, saying the government should act immediately to rebalance the deficit and strengthen long-term fiscal stability.Thai Restaurants Slam Treasury Plan to Hike VAT, Warning of Severe Inflationary Impact
Thai Restaurants Slam Treasury Plan to Hike VAT, Warning of Severe Inflationary Impact
THURSDAY, NOVEMBER 20, 2025
Business leaders urge government to maintain 7% VAT rate for food and tourism; plan targets phased tax increase to 10% by 2030 to stabilise national financesGovt. signals VAT hike to 8.5% in 2028 and full 10% in 2030, with higher fuel excise from 2027
Govt. signals VAT hike to 8.5% in 2028 and full 10% in 2030, with higher fuel excise from 2027
THURSDAY, NOVEMBER 20, 2025
Thailand plans a phased VAT increase to 8.5% in 2028 and 10% in 2030, alongside higher fuel excise in 2027, as part of a broader fiscal overhaul to curb the deficitFinance Ministry warns 2025 revenue shortfall amid weak economy, auto tax slump
Finance Ministry warns 2025 revenue shortfall amid weak economy, auto tax slump
FRIDAY, SEPTEMBER 19, 2025
A senior Finance Ministry source revealed that government revenue collection for the 2025 fiscal year is likely to fall short of the 2.88 trillion baht target set in the budget documents by tens of billions of baht.Caretaker Cabinet extends 7% VAT for another year
Caretaker Cabinet extends 7% VAT for another year
TUESDAY, SEPTEMBER 09, 2025
Caretaker Cabinet extends 7% VAT for another year to avoid economic impact, effective from October 1, 2025, until September 30, 2026.Thai Authorities Dismantle 1 Billion Baht VAT Fraud Ring
Thai Authorities Dismantle 1 Billion Baht VAT Fraud Ring
MONDAY, JUNE 30, 2025
Police and tax officials have exposed an elaborate 7% VAT scam network, leading to the arrest of 10 individuals, including the alleged mastermind, and uncovering state losses exceeding 1 billion Baht