BANGKOK, 10 March 2017 (NNT) – The Prime Minister’s Office spokesperson has clarified that the government is not preparing to increase the nation’s Value Added Tax (VAT) rate by 1 percent as being publicized.

Prime Minister’s Office Spokesperson Lt Gen Sansern Kaewkamnerd has refuted claims the administration has prepared to raise VAT by 1 percent, saying that the story being presented by the media is likely a misunderstanding of the Prime Minister’s intent. He clarified that the remark that sparked the story was in response to questions from the public on how the government will meet their demands, to which the Prime Minister noted funding for all state projects cannot come from taxation alone and sacrifices, such as an increase of VAT, would be needed.

Full story: NNT

Reporter: Itiporn Lakarnchua