Global Trade Alert
Global Trade Alert

Thailand: Second phase of the stimulus package announced in response to the COVID-19 pandemic (March 2020)

Announcement

24 Mar 2020

Thailand has announced several measures to support individuals and businesses during the COVID-19 pandemic. This is the second phase of the stimulus package.

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Number of interventions

3

1 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

24 Mar 2020

Revocation date:

31 Mar 2022

Updated: 24 Mar 2020
Internal taxation of imports

On 24 March 2020, Thailand's Cabinet as part of the second phase of the stimulus package in response to the COVID-19 pandemic announced an exemption from the Value Added Tax (VAT) on materials impo...

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Implementation date

24 Mar 2020

Revocation date:

30 Sep 2020

Updated: 24 Mar 2020
Import tariff

On 24 March 2020, Thailand's Cabinet as part of the second phase of the stimulus package to help businesses and individuals in response to the COVID-19 pandemic announced a customs duty exemption o...

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Implementation date

24 Mar 2020

Revocation date:

31 Dec 2020

Updated: 24 Mar 2020
State loan

On 24 March 2020, Thailand's Cabinet announced the second phase of the stimulus package to help businesses and individuals in response to the COVID-19 pandemic. The second phase package is of THB 1...

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