- VAT exemption applies to registered operators importing or selling certain raw materials for the jewelry industry.
- Covered materials include loose gemstones, pearls, and unmounted precious metals.
- The amendment revises the conditions for qualifying for the VAT exemption.
- Registered operators must now notify the Director-General of their business activities.
- Notification can be done at a local revenue office or electronically, effective October 1, 2025.
Source: rd.go.th
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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