VAT Increase Delayed Until 2014
Category: Real estate, Posted:14 Aug 2012 | 06:00 am
Thailand's Cabinet has deferred a VAT (value- added-tax) increase from the present 7% for two more years.
The move, which will see the rate move to 10% in October 2014, is intended to address concerns over a volatile economic outlook.
Critics of the move point out that VAT remains the single largest element of revenue for the tax department, and that funds are needed to improve the country's ailing infrastructure.
In comparison to most Asian countries with a regional average of just over10%, Thailand remains significantly under its competing economies.
Phuket Hotels Association Online Travel Auction Now OpenCategory: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]