Thailand has introduced new Value Added Tax (VAT) refund regulations effective from January, 2024. The new regulations are aimed at enhancing the experience for international tourists.
The changes include an increased purchase threshold for customs declaration, now set at 20,000 baht. This allows tourists to request a VAT refund directly without customs procedures for purchases below this amount. Value thresholds have also been adjusted, with items up to a 100,000 baht.
Source: scandasia.com
Latest Posts in "Thailand"
- Thailand Revenue Department to Expedite B160bn VAT Refunds for Business Liquidity
- 7% VAT Rate in Thailand Extended Until 2026
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official
- Thai Cabinet Extends 7% VAT Rate Until September 2026 to Support Economic Growth
- Effects of Inventory Discrepancies on VAT and Corporate Tax Compliance in Thailand
