Income Taxes May Decrease While VAT Increases
Global trends are leaning towards decreasing income taxes while increasing consumption and wealth taxes, according to Finance Permanent Secretary Lavaron Sangsnit. During a recent lecture to students at the National…
Concerns Rise Over Potential VAT Increase as Government Communication Falters
Sanya Tansakul, deputy leader of the People’s Party (PP), took to social media to criticize the government for its failure to clarify its stance on rumors surrounding a proposed increase…
Prime minsiter scraps the 15% VAT plan
Prime Paetongtarn Shinawatra has abandoned plans to increase the value-added tax (VAT) following significant public opposition after her finance minister proposed the controversial hike. “No VAT adjustment to 15%,” Ms.…
Prime Voices Concerns Over Proposed VAT Increase to 15%
Prime minister Paetongtarn Shinawatra has added her voice to growing criticism regarding the Finance Ministry’s proposal to increase the value-added tax (VAT) from the current 7% to 15%. When asked…