The Impact of Value Added Tax on Thailand Economy

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Published: Feb 13, 2019
Keywords:
value added tax Thailand economy tax rate

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Prawpun Intaragasam

Abstract

Value Added Tax (VAT) is a tax for the sales of goods or provisions of services. The current VAT rate is 7.0 percent. Due to an economic crisis, Thai government has considered increasing in the rate of VAT. The increasing VAT is expected to support government budgeting and expenditure on infrastructure as well as social security and medicare for the elderly in the future. VAT rate is broad based that affects aggregate consumption. Thus, a constructive line of increasing VAT rate is suggested for 0.5 percent in the first two years and 1.0 percent for the third and the fourth year. The government should impose VAT in a fair rate and disclose to the public to prevent tax
avoiding. Additionally, inheritance and estate taxes should be included as VAT.

Article Details

How to Cite
Intaragasam, P. (2019). The Impact of Value Added Tax on Thailand Economy. University of the Thai Chamber of Commerce Journal Humanities and Social Sciences, 37(1), 114–124. Retrieved from https://so06.tci-thaijo.org/index.php/utccjournalhs/article/view/176123
Issue
Vol. 37 No. 1 (2017): January - March 2017
Section
Academic Article

ลิขสิทธิ์ของบทความ

ผลงานที่ได้รับการตีพิมพ์ถือเป็นลิขสิทธิ์ของมหาวิทยาลัยหอการค้าไทย ห้ามมิให้นำเนื้อหา ทัศนะ หรือข้อคิดเห็นใด ๆ ของผลงานไปทำซ้ำ ดัดแปลง หรือเผยแพร่ ไม่ว่าทั้งหมดหรือบางส่วนโดยไม่ได้รับอนุญาตเป็นลายลักษณ์อักษรจากมหาวิทยาลัยหอการค้าไทยก่อน

 

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