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 (the rate prescribed in the VAT law).
Whilst the statutory rate of VAT is prescribed in 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 Decrees have been issued that lower 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 Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.