- Currently, imported goods valued less than THB 1500 are exempt from customs duties and VAT
- Consumers buying low-value goods from overseas suppliers do not have to pay 7% VAT
- Consumers buying low-value goods from local Thai suppliers are subject to 7% VAT
- Local suppliers are at a disadvantage compared to foreign suppliers
- Ministry of Finance will introduce 7% VAT on imported goods valued less than 1500 baht
- This will create a fair-trading environment for local suppliers and domestic trade
Source: tungstenautomation.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.
