Thailand Value Added Tax (VAT) Rates
Update | November 2016
On 01 Nov 2016, the National Council for Peace and Order's Announcement No 65/2559 was issued and gazetted, which extends the 7% reduced rate of VAT for another one year period of time, from 01 October 2016 to 30 September 2017, and reverts the VAT rate to the 10% statutory rate from and including 1 October 2017. This Tax Law Guide has been updated for the issuance of the NCPO's Announcement.
Standard-Rated VAT Transactions
Standard-rated transactions are those that are subject to the statutory rate of VAT.
Whilst the statutory rate of VAT is prescribed in Thai VAT law as being 10%, it is permitted to be reduced by Royal Decrees, and except for a period of time from Aug 1997 to March 1999, successive Royal Decree have lowered the 10% statutory rate. The current rates of VAT for standard-rated transactions are as follows:
* As prescribed in Royal Decree (No 592) issued on 14 September 2015.
** As prescribed in the NCPO's Order No 65/2559 issued on 01 November 2016.
Zero-Rated VAT Transactions
Zero-rated transactions are those that are subject to VAT at the rate of 0%.
These transactions are as follows:
This is a general information Tax Insight Article only. It should not be used to determine any matter without consulting with an experienced Thailand tax advisor.