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News Forum - VAT’s next? Thailand mulls talks amid dismissals over potential increase

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The Thai administration yesterday dismissed the possibility of increasing the value–added tax (VAT) from 7% to 10%. Despite this official stance, talks have been initiated around this proposal, attributing the potential increment to the requirement for additional funding to cater to the escalating needs of the country’s ageing populace. From the Office of Fiscal Economy, … …

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