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Finance Minister Ekniti Nitithanprapas says the ministry has outlined its medium-term fiscal framework (MTFF), which includes a gradual increase in VAT by 2028. (Photo: Wisuttipong Rodpai)
The Finance Ministry plans to gradually raise the value-added tax (VAT) rate by an additional 1.5 percentage points to 8.5% by 2028, Finance Minister Ekniti Nitithanprapas said on Thursday.
Additionally, under the plan, the VAT rate will be increased to the full legal ceiling of
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