- Thailand implemented temporary measures to tax low-value goods imported into the country
- Effective July 5, 2024, almost all imported goods valued between THB 1 and THB 1,500 will be subject to VAT
- Measures will remain in effect until December 31, 2024
- Ministry of Finance working on amending Revenue Code to formalize VAT collection process
- Foreign sellers must ensure VAT is paid by logistics providers or recipient in Thailand, depending on delivery method
Source: fiscal-requirements.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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