- VAT on postal imports sent will start in May
- Currently, imported goods sent via postal services are exempt from import duties and VAT if the value is less than 1,500 baht
- Low-priced goods from China are flooding the market, creating unfair competition for domestic producers
- The Finance Ministry plans to collect VAT for all imported goods sent via postal services, regardless of value
- More than 30 million parcel imports enter Thailand each year, with many claiming a value of less than 1,500 baht
- Online platforms selling goods from China import large quantities of low-priced goods, creating a challenge for tax assessment
- Customs officials are considering methods for tax collection on low-priced goods
Source: bangkokpost.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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