Bangkok, The Ministry of Finance is preparing to collect VAT on imported goods worth not more than 1,500 baht, expected to start in May.
Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance, revealed that around the beginning of May there will be clarity regarding the issuance of Customs Department announcements. It’s a ministerial regulation. Concerning the guidelines for collecting Value Added Tax (VAT) from imports of goods with a price not exceeding 1,500 baht (Low-Value Goods), resulting in importers and online sales platform Both inside and abroad Including other people as required by law. Has the duty to register for Value Added Tax with the Revenue Department. and collect VAT at the same rate of 7% as for sales of products by sellers in Thailand. It is expected to be effective within May.
‘Mr. Minister is aware of this problem. and ordering the operation of the Revenue Department and the Customs Department Cooperation is underway. It is expected that within the beginning May should
be clear. This matter is divided into 2 levels: Permanent amendment, namely, amendment to the Revenue Code. which the Revenue Department is currently working on short term urgent The Customs Department will issue an announcement. It is a ministerial regulation to collect VAT on imported goods with a value not exceeding 1,500 baht, previously not having to pay tax. It is expected to be effective within May,’ Mr. Lawan said.
Source: Thai News Agency