1 May 2024
Following a mandate from Prime Minister Srettha Thavisin, the Thai government confirmed that it will remove the low-value goods Import VAT exemption on goods imported from outside the country.
Currently, there is an Import VAT exemption threshold set at Baht 1,500 (approx. £32), which allows importers to purchase goods free of VAT from non-resident companies up to this value. However, from May 2024, this threshold will be removed and instead, non-resident providers will have an obligation to charge VAT to the consumers at the current rate of 7%.
The Thai government hopes to confirm more around how to register as a non-resident company during May and it is widely thought that this will be via a simplified registration scheme with no VAT registration threshold.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Romania Proposes Fixed Levy on Low-Value E-Commerce...
Romania has proposed the introduction of a fixed charge on certain low-value consignments, valued under €150, entering the country from outside the European...
SEE MORE
LATEST NEWS
France Proposes €2 Customs Charge on Low-Value...
In October 2025, the French government unveiled its 2026 Finance Bill, which has been submitted to the National Assembly for debate before moving to the Senate...
SEE MORE
LATEST NEWS
Ireland to Introduce Mandatory E-Invoicing for...
Ireland has confirmed plans to implement a mandatory electronic invoicing regime for business-to-business (B2B) transactions, starting 1 November 2028. This...
SEE MORE