# What is VAT (Thailand)?

Country: Thailand

Value added tax (ภาษีมูลค่าเพิ่ม) is charged at 7% in Thailand. The Revenue Code rate is 10%, but a royal decree holds it at 7%. The latest decree, No. 807, runs to 30 September 2027.

## Current rate

7% until 30 September 2027 (Royal Decree No. 807, B.E. 2569).

## Example

A service sold for 100,000 baht plus VAT is invoiced at 107,000 baht.

## How VAT (Thailand) works in Thailand

Because the 7% depends on a decree, Finn always says the date it runs to. Exports are zero-rated and some supplies are exempt. A business must register once turnover goes over 1.8 million baht a year.

Source: https://www.rd.go.th/21221.html

## Related terms

- [P.P.30 (ภ.พ.30)](https://accounts-os.com/th/glossary/pp30-thailand)
- [Tax invoice (ใบกำกับภาษี)](https://accounts-os.com/th/glossary/tax-invoice-thailand)
- [VAT registration threshold (Thailand)](https://accounts-os.com/th/glossary/vat-registration-thailand)