New VAT Tax Measure for Imported Goods Under 1,500 Baht Starting May 1st

• Starting from this May, the Ministry of Finance will implement a 7% VAT tax on imported goods with a value lower than 1,500 baht
• The purpose is to create fairness in the customs system and ensure that online purchases from abroad are taxed similarly to purchases from local stores
• The tax will be collected from the first baht to ensure equality, while customs duties will still be exempted as per international agreements
• In the long term, the Ministry of Finance will amend tax laws to separate VAT from customs duties for imported goods
• Initially, customs will collect taxes on goods valued below 1,500 baht and pass them on to the Revenue Department, similar to goods above 1,500 baht
• In the future, online platform operators will be responsible for collecting and remitting VAT directly to the Revenue Department, adding 7% tax to the purchase price

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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