Cabinet nod for VAT cut extension

Quick Summary:

The cabinet has approved an extension of the 7% value-added tax (VAT) reduction for another year, aiming to alleviate the impact of the cost of living and boost consumer spending.

It was set to end in two weeks.

According to the Finance Ministry’s study, extending the 7% VAT reduction for another year will unlikely result in more revenue losses for the state.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Living Boost Taxes) Consumer Year According Cabinet Spending Reduction Impact Extension

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 06:48:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 167 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22572419

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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