Just In VAT Tax Change

[elgordo38]

The Junta is lowering the Vat for one year to 6.3% and then in October of 2015 they will jack it up to 9% incredible. It like the old shell game.

[CharlieH]

Source of info ?

[Langsuan Man]

The Junta is lowering the Vat for one year to 6.3% and then in October of 2015 they will jack it up to 9% incredible. It like the old shell game.

Where do people come up with this kind of misinformation? We can 't criticize moderation but can't we ban members that post nonsense

NCPO maintains 7-per cent VAT for one year

July 17, 2014 10:22 pm

NCPO on Thursday announced that the VAT will be maintained at 7 per cent for another year from October 1, 2014 to September 30, 2015 in an attempt to boost the domestic consumers' spending that will lead to the country's economic growth.

The VAT then will be increased to 10 per cent, effective from October 1, 2015 onward.

By the law, when buying products and services consumers in fact will have to pay the VAT at 10 per cent of those products and services’ prices. But, the VAT was in exemption by previous governments that issued announcements to collect it at 7 per cent for many years.

source: http://www.nationmultimedia.com/search/?keyword=VAT&x=24&y=9

[zeichen]

In the Thai paper they said it was going to be raised to 10% next year. 2558

[zeichen]

The thing about these policies is that they might be changed after the election so wouldn't worry too much about long term economic planning from the military.

Langsuan Man. The OP wasn't that far off. He was just not 100% accurate. Not really misinformation. It is true that they will be raising the tax.