VAT Increased in 2015
Royal Decree No. 549, published in the Royal Gazette on 9 October 2012, extended the reduced VAT rate of 7% (from 10%) for another two years. This means that the reduced rate will come to an end in September 2014.
However, according to Announcement 92/2557, dated 17th July, 2014, of the National Council for Peace and Order (in charge for Thailand’s administration after the recent coup in late May, 2014), VAT will be maintained at 6.3% (resulting in a 7% charge on consumers after adding local administration tax) for a further period of 1 year. This will mean that, in October, 2015, the VAT rate will be increased to the planned 9% (resulting in a 10% charge on consumers after adding local administration tax).