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Finance to propose retaining 7 percent VAT up to another 2 years

Finance to propose retaining 7 percent VAT up to another 2 years

13 Sept 23:34 Key points summarised by AI
  • Thailand's Finance Ministry plans to propose retaining the current 7% VAT rate for an additional one to two years to help stimulate the slowing economy.
  • A working committee is reviewing the country's overall tax structure, including potential income tax cuts and exemptions for online traders and new university graduates, in line with recent election pledges.
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