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PM floats idea of raising VAT to 8%


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PM floats idea of raising VAT to 8%

By The Nation

 

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Prime Minister Prayut Chan-o-cha has floated the idea of raising the value-added tax (VAT) rate by one percentage point from the current 7 per cent to 8 per cent to raise an additional Bt100 billion in annual tax revenues to finance various public projects.

 

He urged the public to help shoulder the burden so that the government has more financial resoruces to implement projects requested by the majority of people. He said businesses should not take advantage of a higher VAT rate and should avoid raising prices of goods and services.

 

Full Story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30308453

 
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-- © Copyright The Nation 2017-3-9
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