Thailand Value Added Tax (VAT) Rates
On 02 October 2017, Royal Decree (No 646) was gazetted, extending the 7% rate of VAT for another one year period of time from 01 Oct 2017 to 30 Sept 2018 and reverting to the 10% statutory rate of VAT from 01 Oct 2018. This Tax Insight has been updated for the law change.
Thailand's standard rate of VAT is prescribed in the law as being 10%, but the law permits it to be reduced by Royal Decrees, and except for a short period of time from Aug 1997 to March 1999, successive Royal Decrees have been issued to lower the statutory rate. The rates of VAT for standard-rated transactions are as follows:
(1) As prescribed in the National Peacekeeping Council's Order No 65/2559 issued on 01 November 2016.
(2) As prescribed in Royal Decree No (646) issued on 30 September 2017.
The rate of 0% applies for zero-rated transactions. These transactions include (but are not limited to):
In addition to 0% VAT for zero-rated transactions, the Thailand VAT law also prescribes for transactions that are exempt from VAT as well as transactions that are excluded from the VAT base (see our VAT Exempted and Excluded Transactions Insight).
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.