Thailand’s Revenue Code sets the VAT rate at 10%. However, since the 1997 economic crisis, the Cabinet has issued royal decrees to reduce the rate to 7% to ease the public’s financial burden. This reduced rate remains in effect today.
Operators with annual revenue from sales or services exceeding 1.8 million THB must apply for VAT registration within 30 days of reaching that threshold.
Operators can deduct Input Tax (paid to suppliers) from Output Tax (collected from customers).
Certain goods and services are exempt from VAT, such as:
- Agricultural products
- Education services
- Healthcare services
- Public transportation
Online Filing: Within the 23rd of the following month.