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Thailand Publishes Decree Extending 7% VAT Rate for Two Years — Orbitax Tax News & Alerts

The Thai Revenue Department has published Royal Decree 724, which provides for the extension of the reduced VAT rate of 7% (including 1% local tax) for two years as approved by the Cabinet in August. The Decree will enter into force on 1 October 2021 and apply until 30 September 2023.