The Thai government is currently considering increasing the current VAT rate of 7% to 8% from 1 October 2015 instead of the previously planned increase back to the standard 10% rate. The increase will depend on the performance of Thailand's economy.
Thailand's previous standard rate of 10% was reduced to 7% as part of special economic measures taken after the 1997 Asian financial crisis, and has been extended multiple time over the years.
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