- Thai government plans to implement a 7% VAT on imported goods valued at 1 baht and above starting in May
- Currently, goods under 1,500 baht per parcel are exempt from VAT
- The new VAT collection aims to ensure fairness for Thai small businesses
- The measure is expected to boost government tax revenue
- The move is endorsed by the Thai e-Commerce Association to enhance competitiveness of local SMEs
- The new rule will level the playing field for local products and businesses
- The Federation of Thai SMEs welcomes the move as a step towards fairer trade
- The Federation of Thai Industries calls for better protection against cheap Chinese products to maintain competitiveness
Source: aseannow.com
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.
