- Starting from May, a 7% VAT will be imposed on imported goods with a value below 1,500 baht
- The Ministry of Finance aims to create fairness in trade by implementing this tax measure
- The Customs Department will be responsible for collecting the tax on goods below 1,500 baht and forwarding it to the Revenue Department
- In the long term, the Ministry of Finance plans to separate the VAT into two parts, with the tax being collected from the first baht to ensure fairness in the tax system
- Online platform operators will eventually be responsible for collecting and remitting VAT to the Revenue Department, with a 7% tax on goods like a 100 baht item resulting in a total payment of 107 baht
Source: thansettakij.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.
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