Title: Draft Royal Decree Issued under the Revenue Code on Reduction of Value Added Tax Rate (No. …) B.E. … (Extension of VAT Rate Reduction)

The Cabinet approved in principle the draft Royal Decree Issued under the Revenue Code on Reduction of Value Added Tax Rate (No. …) B.E. … (Extension of VAT Rate Reduction), as proposed by Ministry of Finance.

Gist

The Revenue Department has promulgated Royal Decrees issued under the Revenue Code on reduction of the Value Added Tax (VAT) rate from January 1, 1992 up until now, totaling 23 decrees, of which the latest one, stipulating that VAT shall be collected on all sales of goods, provision of services, or importation at the rate of 6.3% (excluding local tax) or 7% (including local tax), will expire on September 30, 2026.  

Ministry of Finance is of the view that, in order to maintain national economic stability and sustain domestic consumption growth, it is appropriate to temporarily extend the reduction of the Value Added Tax (VAT) rate to 6.3% (excluding local tax) or 7% (including local tax) for another year, from October 1, 2026 to September 30, 2026.

Title: Draft Royal Decree on convocation of second annual ordinary session of National Assembly, B.E. …

The Cabinet acknowledged prorogation of the draft Royal Decree on convocation of the second annual ordinary session of National Assembly, B.E. … (from August 25, 2026 onward). This is as proposed by the Cabinet Secretariat.

Gist

Convocation and prorogation dates of the National Assembly are set as follows:

It is, therefore, appropriate for the second annual ordinary session of the National Assembly to be convoked from August 25, 2026 (B.E. 2569) onward.