No VAT hike for elderly savings

August 28, 2023

PUBLISHED : 28 Aug 2023 at 06:00

Members of the Four Regions Slum Network, a civic group of low-income communities, protest in front of the finance ministry on Aug 17 against the caretaker government’s move to give a monthly allowance only to poor elderly people who meet certain criteria. (Photo: Nutthawat Wichieanbut)

The Finance Ministry has denied it will raise the Value-Added Tax (VAT) by 3% to reserve more money for elderly savings.

Ministry spokesman Pornchai Theeravej said the ministry has…