SAHA Group recommends freezing VAT at 7 percent

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BANGKOK, 9 June 2015, President of the SAHA Group Boonyasit Chokwattana told news media that consumer spending has yet to fully recover, recommending the government hold Value Added Tax (VAT) at 7 percent and minimum wage at 300 baht per day.

The SAHA Group President advised that the government freeze the minimum wage at 300 baht and the VAT at 7 percent. He said a hike in either would greatly affect living expenses of the people.

Mr. Boonyasit also urged the government to organized more campaigns to promote consumerism, offering discounts to essential household items. The SAHA Group President is convinced that these campaigns would help ease the financial burden of the people.

He believed that these items along with goods related to service products would likely face a hike, due to rising fuel prices. However, Mr. Boonyasit affirmed that his company would not be increasing its prices this year.