Thai SMEs Call for VAT on Imported Goods Below 1,500 Baht

BANGKOK, June 4 (TNA) – Thai SME entrepreneurs have been urging the government to impose a 7% value-added tax (VAT) on imported goods valued at or below 1,500 baht.

Thailand to start charging VAT on imports shipped by mail in May

They argue that the current exemption for such goods creates an unfair playing field, as Thai businesses are still subject to VAT on all their sales.

The Ministry of Finance is now considering a proposal to end the VAT exemption for low-value imports. The proposal is expected to be presented to the Cabinet for approval on June 4.

Full story: tna.mcot.net

TNA