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Thailand Implements New VAT Policy on Imported Goods

  • Thailand has introduced a new VAT policy for imported goods
  • The new policy aims to create a level playing field between importers and local producers in the domestic market
  • The Thai government has approved the proposal to impose VAT on all imported goods valued over 1 baht to prevent cheap imports, especially from China
  • The new VAT threshold will be effective 15 days after official announcement and will last until December 31, 2024
  • The government will evaluate the impact of the policy before deciding whether to extend it
  • Currently, only imported goods valued over 1,500 baht are subject to VAT in Thailand
  • The new measure is in response to complaints from local businesses, particularly online sellers, about the negative impact of cheap imported products on their income
  • In the long term, the Thai government plans to amend the Revenue Code to address these issues.


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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