Announcement
19 Jun 2024
In June 2024, the Customs Department of Thailand increased VAT on imported products between THB 1 (USD 0.03) to THB 1'500 (USD 46.17) from 0% to 7%.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
05 Jul 2024
Revocation date:
31 Dec 2024
Updated: 19 Jun 2024
Internal taxation of imports
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 ...
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