VAT at appropriate level, says finance minister | Bangkok Post: Most recent

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Kittiratt: VAT will not be raised

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The government has no plan to increase the value-added tax (VAT) at this time, Finance Minister Kittiratt Na-Ranong affirmed on Thursday. 

The set VAT rate at 7% is suitable for the current economic situation, he said.

Mr Kittiratt, also deputy prime minister for economic matters, said the current VAT rate is the same level as that of Singapore and relatively lower than those of other member countries of the Asean.

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