Thai finance ministry has no immediate plan to increase VAT to 10%

23 Sept 06:01 Key points summarised by AI

The Thai Ministry of Finance confirms it has no immediate plans to increase the Value-Added Tax (VAT) from 7% to 10%, despite a proposal from the National Economic and Social Development Council to fund old-age pensions.
While a VAT increase would require new legislation, the finance ministry currently has no policy to pursue this, maintaining the 7% rate that has been extended every two years since its reduction from 10% in 1997.

Thailand’s FDI reaches Bt271bn as high-tech projects expand

Yesterday 10:54 Key points summarised by AI

Thailand's foreign direct investment (FDI) surged by 26% year-on-year to Bt271 billion across 971 projects in the first nine months, with a significant portion (494 projects) driven by high-tech industries.
Growth was spearheaded by sectors like digital technology, AI, electric vehicles, and clean energy, largely concentrated in the Eastern Economic Corridor (EEC), with China, the US, Singapore, Japan, and Hong Kong as the top five investment sources.