Thai PM Denies VAT Increase to 15 Percent, Reaffirms Economic Policy. On December 7th, 2024, government spokesperson Jirayu Huangsap dismissed rumors of increasing VAT from 7% to 15%, clarifying that Thai PM Paetongtarn Shinawatra firmly opposes such a move.- The Pattaya News

Thai PM Denies VAT Increase to 15 Percent, Reaffirms Economic Policy

Kittisak PhalaharnSaturday, 7 December 2024, 19:52

National —

On December 7th, 2024, government spokesperson Jirayu Huangsap dismissed rumors of increasing VAT from 7% to 15%, clarifying that Thai PM Paetongtarn Shinawatra firmly opposes such a move.

Paetongtarn emphasized that tax policy changes require gradual, well-researched implementation, often taking over a decade in other nations.

The government's priority remains reducing public expenses, enhancing state efficiency, and creating new income opportunities for citizens.

The administration pledged to make decisions carefully, consulting all sectors, and ensuring the best interests of the Thai people to drive sustainable national progress, according to Jirayu.

This effectively ends any speculation about such an increase happening anytime soon.

Read related articles about VAT 15%:

Public Input Urged on Proposed 15 Percent VAT Tax Reform Strategy.

Restaurant and Hotel Industries Fear Collapse Over Proposed 15 Percent VAT Hike.