Thai finance ministry approves tax on items ordered online from foreign countries

The Finance Ministry aims to tax online products from foreign countries to provide fair competition to Thai manufacturers.

Finance permanent secretary Prasong Poontaneat said the tax reform committee approved the decision to collect 7 per cent value-added tax on goods ordered online from other counties and also cancel the tax-free status on imported products priced below Bt1,500 to be fair to Thai manufacturers, who produce similar goods and who are charged 7 per cent VAT. The policy is now awaiting the green light from the cabinet.

In reply to a question, principal adviser on Customs Control Development Chaiyuth Kumkun said that in the case where personal belongings in a foreign county were sent back to the host via mail, the owner of the belongings would not be taxed. Customs will consider such evidence as the item’s condition, a photo of the owner with the belongings, or any evidence to affirm that the items were bought in Thailand.

“If the value of the belonging isn’t worth enough to sell as an expensive second hand item, the officer might not tax the owner,” Chaiyuth said.

Source:

https://www.nationthailand.com/news/30379552

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Adam Judd
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail Editor@ThePattayanews.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/