Thai PM Asserts No Plan to Increase VAT to 15%

BANGKOK, Dec 6 (TNA) — Prime Minister Paetongtarn Shinawatra on Friday met her advisor team and confirms to the public that the government has no plan to increase VAT to 15 per cent after reports circulated that the government is considering a proposal to increase value-added tax (VAT), causing public outcry.

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She said the Finance Ministry is still reviewing tax structure reforms to address social inequality and enhance competitiveness.

This morning, Ms Paetongtarn chaired a meeting with her advisory team which also joined by Deputy Prime Minister/Finance Minister Pichai Chunhavajira at Baan Phitsanulok, the working venue of her advisor team. The meeting took around two hours. Ms Paetongtarn, then, proceeded to work at Thai Khu Fah Building at the Government House at 12.22hr.

Full story: tna.mcot.net

TNA