VAT, personal and corporate income tax cuts extended for another year

[Prakhonchai Nick]

GOOD NEWS

As recommended by the Finance Ministry to boost confidence in the Thai economy, the National Council for Peace and Order decided today to extend the 7 percent value-added tax for another year starting from this October 1 until September 30 next year.

 

[AussieBill]

Is October 1 until September 30 the official "financial year" in Thailand?

 

[Prakhonchai Nick]

Is October 1 until September 30 the official "financial year" in Thailand?

Thai government's fiscal year begins on 1 October of the previous calendar year and ends on 30 September of the next year. (http://en.wikipedia.org/wiki/Fiscal_year)

 

[Coffee]

same as...

Thai government's fiscal year begins on 1 October of the previous calendar year and ends on 30 September of the next year. (http://en.wikipedia.org/wiki/Fiscal_year)

...many other countries, USA inclusive.