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Thailand keeps value-added tax at 7% for another year

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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.

[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

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