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Global Trade Alert

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Thailand: Government increased VAT on certain imported products

Description

On 19 June 2024, the Customs Department of Thailand issued Notification No.116/2567, reducing the lower threshold for imported low-value goods (LVGs) that are exempted from VAT from THB 1'500 (USD 46....

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

05 Jul 2024

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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