On 10 October 2018, Thailand published Decree No. 30/2018 in the Official Gazette, which provides for the extension of the reduced VAT rate of 7% until 30 September 2019 as approved by the Cabinet earlier in the year. Thailand's standard rate is 10% but was reduced to 7% (including local tax) as part of special economic measures taken after the 1997 Asian financial crisis. Each October, the rate is scheduled to revert back to 10% unless the reduced rate is extended.