Thailand Introduces New VAT Refund System to Facilitate Tourists’ Shopping Experience

• Thai government announces new regulations for VAT refunds for tourists
• Regulations make it easier for foreign visitors to claim VAT refunds on goods purchased in Thailand
• Eligibility criteria for refunds have been expanded and maximum refund amount increased
• Threshold for goods to be declared to customs raised to 20,000 THB
• More categories of goods requiring declaration to the Revenue Department
• Conditions for tourists to request a VAT refund include taking purchased goods outside Thailand within 60 days and minimum purchase amount of 2,000 THB
• Refund amount can be received in cash or transferred to a credit card account

Source: en.vietnamplus.vn

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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