ANN/ THE STRAITS TIMES – Thailand has no plans to raise the current seven per cent value-added-tax (VAT) to help support the economy, expected to grow at a faster pace in the second half of the year, the Finance Ministry said yesterday.
The current VAT level will also help reduce living costs and build business confidence, the ministry said.
Strength in the tourism sector and increased domestic consumption will continue to drive South-east Asia’s second-largest economy, which is expected to grow faster in the second half of the year after expanding 2.2 per cent on-year in the first half, the ministry said.
