VAT to remain 7% for another year

[snoop1130]

VAT to remain 7% for another year

 

 

The cabinet on Tuesday (Aug 15) agreed to retain the value-added-tax (VAT) at the rate of 7% for another year from Oct 1, 2017 to Sept 30, 2018, Finance Minister Apisak Tantivorawong said.

 

Mr Apisak said the decision to retain the VAT at 7% is intended to shore up the people’s cost of living and to build public confidence in the Thai economic growth.

 

If the VAT is increased at this time the country’s consumption and economic growth may be affected, he added.

 

Full Story: http://englishnews.thaipbs.or.th/vat-remain-7-another-year/

 

-- © Copyright Thai PBS 2017-8-15

[JohnLick]

Would be nice to ban the ++++ bullshit...