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 to Impose VAT and Duties on All Online Imported Goods from 2026, Ending Low-Value Exemption
- Thailand Mulls Higher, Uniform Import Duty on Low-Value Goods to Boost Fair Competition
- Thailand to End Duty Exemption for Low-Value Imports from January 2026
- Understanding VAT on Trade and Cash Discounts: Key Rules for Businesses
- Thailand to Impose Import Duties on All Low-Value Goods from January 2026
