Thailand keeps value-added tax at 7% for another year
Published Tue, Sep 10, 2019 · 07:19 AM
[BANGKOK] Thailand's cabinet agreed to maintain the current value-added tax at 7 per cent for another year to September 2020, Finance Minister Uttama Savanayana said on Tuesday, as economic growth slows.
The Cabinet recently also approved a proposed relocation package to attract foreign companies looking to move production due to escalating Sino-US trade tensions.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’