Published: Jan 18, 2022
HÀ NỘI — Following the passing of a VNĐ350 trillion (approximately US$15 billion) economic recovery package, the Government is considering the implementation of a cut to VAT. As part of the stimulus programme, VAT for applicable goods and services will be cut down to 8 per cent in 2022 (down two per cent from the current rate), with the reduction set to begin from February.
Published: Aug 24, 2021
The Cabinet on Tuesday agreed to maintain the VAT rate at 7 per cent for another two years from October 1, 2021, to September 30, 2023. The 7 per cent rate of value-added tax will be collected on sales of goods, services, and all imports (or 6.3 per cent excluding local taxes), said government spokesperson Ratchada Thanadirek.
Published: Aug 20, 2021
Two former state revenue officials were given life sentences for their involvement in embezzling more than Bt3 billion from the state through fraudulent value-added-tax (VAT) refunds, and ordered to reimburse the Revenue Departnent.