Editorial staff

The VAT rate in  Thai Revenue Code is 10 %,but the finance ministry issued royal decree reduce the rate to 7 % (6.3+local tax 10%) from time to time until now,the last one is  Royal Decree 465 released by the Revenue Department on September 3, 2007,extend the reduced rate of  7 %  until September 30,2008. If no new royal decree issue to extend such rate,then the VAT rate will increase from 7% to 10% on October 1, 2008.There are informal news from the Revenue Department that under the present economic situation,the old 7% VAT rate shoulde be extended to another one year.