Thai VAT tax rate remains unchanged at 7% until September 2023
At the Thai cabinet meeting on the 24th, the Thai government decided to remain the value-added tax (VAT) rate unchanged at the current 7% until the end of September 2023.
The VAT tax rate was reduced from 10% to 7% as a time-limited measure to stimulate the economy in April 1999, and has remained unchanged at 7% ever since. It's usually extended every year, but this time it will be extended for two years due to financial damage caused by the COVID-19 pandemic.
The goal of "opening the country within 120 days" by Prime Minister Prayut of Thailand is still possible. CCSA begins discussions on reopening plans.
Thailand recorded 17,491 new cases infected with the coronavirus on August 23. This was the lowest since July 30th.
In response to this situation, the National Commission for Infectious Diseases (NCDC) has requested the Covid-19 Situation Management Center (CCSA) to consider reopening some parts of the country.
In a live television broadcast to the country on June 16, Prime Minister Prayut said the Thai government plans to reopen the country within the next 120 days.
After the NCDC committee meeting on August 23, Dr. Opas Karnkawinpong, director of the Department of Disease Control (DDC), said he had agreed on some issues that the committee had presented to the CCSA for consideration.
Challenge 1 is preparing for a safe resumption of the country under a disease control measure known as "Coexistence of Smart Control and Covid-19" aimed at containing the pandemic so that new cases do not overwhelm the public health system. Is to do.
Dr. Opas said, "We need to learn to live with Covid-19 with the knowledge that Covid-19 will be endemic in a particular country. One of the important strategies is inoculating to at-risk groups, such as elderly and those with underlying health problems or with underlying health problems. Proceed developing new vaccines. Strengthening the work of the Covid-19 Comprehensive Response Team (CCRT) to visit the community."
The current restriction regulation expires on August 31, and the government will assess whether it will resume afterwards, and will resume operations from September to the end of this year, and next year, It is hoped that people will be able to resume their normal lives. said Dr. Opus.
Anucha Burapachaisri, a spokesman for the Thai government, confirmed on August 23 that Prime Minister Prayut held a conference call with the CEO of AstraZeneca and confirmed his promise to provide Thailand with 61 million doses of vaccine by the end of the year.
The Thai government said they plans to purchase an additional 60 million doses of AstraZeneca next year.
Additional purchase of 10 million doses of Pfizer vaccine from Thailand for a total of 30 million doses
The Thai government has decided to purchase an additional 10 million doses of Pfizer's mRNA vaccine. On August 20, the Thai Ministry of Public Health and Pfizer's Thai subsidiary signed a contract.
The Thai government has already signed a contract to purchase 20 million doses of Pfizer vaccine in July, and adding 10 million doses purchased this time, total purchase becames 30 million doses. These vaccion supply is scheduled to begin in the fourth quarter of this year.
Aside from this, 1.5 million doses of Pfizer vaccine donated by the US government arrived in Thailand at the end of July and are being used for the third inoculation of medical staffs.
The Thai government has mainly used the coronavirus vaccines made by China's Kakou Holding Biotech (Sinovac Biotech) and AstraZeneca's UK. Regarding the product made by Sinovac, there was growing suspicion among the Thai public about its effectiveness, and there has been a growing demand for an mRNA vaccine.
Will it be the trump card for the revival of the Thai tourism industry? China to implement booster shots to gain herd immunity by the end of the year
According to Chinese respiratory disease experts, vaccines currently taken in China lose their effectiveness in 6 months, if a third dose is given as a booster shot 6 months after the second dose, this could make up for the effect lost. China could reach herd immunity by the end of the year if it could help and achieve a vaccination rate of over 80% of the population.
Chinese experts also cite a study that taking Sinovac booster shots produced 20 times higher levels of neutralizing antibodies after 9 months and 30 times higher in the elderly. He also said that booster shots have provided data showing an efficacy rate of about 70% for Chinese vaccines. He recommends booster shots 6 months after the first two Sinovac shots.
China has primarily used Sinovac and Sinopharm, but last week they approved a DNA vaccine by Inovio, a US-based biotechnology company. China may consider mixing brands and using these new vaccines as booster shots.
There is much talk about whether China will open its borders as it reaches herd immunity levels. At the moment, strict immigration regulations are in place, and in order to enter China from abroad, 14 days of quarantine and 7 days of voluntary quarantine at home are mandatry. This immigration restriction is a major obstacle for Chinese people to travel abroad. For neighboring countries which hopes for revisiting of Chinese tourists their country, they can't prospect their tourism industry revival. If China reaches herd immunity and immigration restrictions are relaxed, it is expected that there will be great impact on the Thai tourism industry too.
Hua Hin will NOT change plan to accept foreign tourists without quarantine from October 1st
The Ministry of Tourism and Sports (MOTS) of Thailand has revieled that they will not change a plan of "Hua Hin Recharge program" which allow vaccinated foreign tourists without isolation into Hua Hin and it will start from October 1st as the original plan.
Hua Hin is a beach resort belonging to Prachuap Khiri Khan Province, aiming to accept travelers who have completed COVID-19 vaccination without quarantine, which is similar to the "Phuket Sandbox" currently being held in Phuket.
In order to realize the program, it is necessary to complete vaccination of more than 70% of the local residents before the start of the program, which is the requirement to get government approval.