BANGKOK, Thailand – The government has addressed public concerns about a potential increase in the value-added tax (VAT) to 15%, aiming to ease anxieties. Discussions have focused on maintaining economic stability and ensuring policies that prioritize the well-being of Thai citizens.
Prime Minister Paetongtarn Shinawatra clarified that there are no plans to raise the VAT to 15%. This assurance was made during discussions with Commerce Minister Pichai Naripthaphan and the Prime Minister’s policy advisory team.
She explained that the Ministry of Finance is conducting a comprehensive study on tax restructuring. The goal is to promote fairness, reduce inequality, and enhance the country’s competitiveness. The Prime Minister noted that similar tax reforms in other countries have taken years—sometimes over a decade—to allow for gradual implementation and adaptation.
The government’s primary focus remains on reducing citizens’ expenses, cutting public sector costs, and creating new income opportunities for the population. These measures aim to improve the quality of life for Thai people.
Prime Minister Paetongtarn assured the public that the government approaches policy-making with caution. She emphasized that all decisions are made after consulting with relevant sectors and prioritizing the interests of the people to drive the nation forward. (NNT)
