The VAT rate in Thai Revenue Code is 10 %,but the finance ministry issued royal decree reduce the rate to 7 % (6.3+local tax 10%) from time to time until now,the last one is Royal Decree 465 released by the Revenue Department on September 3, 2007,extend the reduced rate of 7 % until September 30,2008. If no new royal decree issue to extend such rate,then the VAT rate will increase from 7% to 10% on October 1, 2008.There are informal news from the Revenue Department that under the present economic situation,the old 7% VAT rate shoulde be extended to another one year.
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