- Thailand’s Customs Department revoked import duty and VAT exemptions for parcels valued under 1,500 baht, now taxing all imported parcels over one baht.
- The rule change aims to protect domestic producers, especially SMEs, from low-priced imports, not just to increase revenue.
- Imported parcel volumes have decreased, while prices for certain goods (e.g., eyeglasses) have risen.
- Customs now requires clear value declarations on packages to prevent undervaluation.
- The department is considering raising import duty rates up to the legal maximum to further support local businesses.
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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