The Business Times

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

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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

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