Thailand abolishes tax exemptions on cheap imports

VTV.vn - Currently, imported goods into Thailand with a value of less than 1,500 baht (about 1 million VND) are tax-free.

Cargo port in Bangkok, Thailand. Photo: AFP/TTXVN

Thailand will start collecting import taxes on cheap goods from early next year. The decision was made to promote domestic manufacturing and protect domestic businesses from pressure from cheap imported goods.

Currently, imported goods valued at less than 1,500 baht (about 1 million VND) are exempt from tax. Under the new regulations, these goods will be subject to a 10% tax from January 1, 2016.

The Thai government is also looking to work with e-commerce platforms to help collect taxes. Legal experts say the new policy will impact the e-commerce, logistics and retail sectors, and put more pressure on shippers.

In recent times, Thai businesses, especially in the manufacturing sector, have repeatedly asked the government to take strong measures to prevent the impact of cheap imports - mostly from China. This situation has forced many factories to reduce capacity or close down, affecting jobs and economic growth.

The new tax policy from 2026 is expected to contribute to restoring a healthy competitive environment and creating conditions for domestic enterprises to develop more sustainably.

Source: https://vtv.vn/thai-lan-bo-mien-thue-doi-voi-hang-nhap-khau-gia-re-100251115193541585.htm