Popular Post webfact Posted May 12 Popular Post Share Posted May 12 The Finance Ministry is set to present a proposal this week to revise the Revenue Code, imposing a 7% value added tax (VAT) on all imported goods valued under 1,500 baht. This move aims to level the playing field between local suppliers, who are already subject to VAT, and online overseas sellers who have been exempt from this tax. Deputy Finance Minister Julapun Amornvivat explained that once the cabinet approves the draft, it will undergo review by the Council of State before being officially announced in the Royal Gazette for implementation. Many countries have already begun to tax online purchases of foreign goods, and this adjustment in Thailand will help local businesses compete more fairly. Initially, the Customs Department will be responsible for collecting the 7% VAT and passing it on to the Revenue Department. Future discussions will explore the possibility of involving online platform operators in the collection process. File photo for reference only courtesy: Thai Rath -- 2024-05-13 Get our Daily Newsletter - Click HERE to subscribe 4 3 1 Link to comment Share on other sites More sharing options...
Pique Dard Posted May 12 Share Posted May 12 "Finance Ministry Moves to Introduce 7% VAT on Inexpensive Imported Items" ..i haven't seen those inexpensive imported items 1 1 2 Link to comment Share on other sites More sharing options...
Popular Post gargamon Posted May 12 Popular Post Share Posted May 12 So all the AliExpress stuff I used to get delivered with no VAT will now be taxed. Almost seems like the administration costs will be higher than the amounts collected. 1 3 1 13 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted May 12 Popular Post Share Posted May 12 1 hour ago, webfact said: This move aims to level the playing field between local suppliers, who are already subject to VAT, and online overseas sellers who have been exempt from this tax. What a lame excuse, just go out and say 'We were racking our brains and thinking how to get more money from the public and we think we found it'... 3 1 5 1 21 Link to comment Share on other sites More sharing options...
Popular Post scubascuba3 Posted May 12 Popular Post Share Posted May 12 1 hour ago, webfact said: Future discussions will explore the possibility of involving online platform operators in the collection process. So poor planning so far 3 4 Link to comment Share on other sites More sharing options...
Popular Post CartagenaWarlock Posted May 12 Popular Post Share Posted May 12 (edited) Now I have to pay 7% tax on all transparent baby doll nighties for my concubines from Shein. Wow. What a financial burden on me! Edited May 12 by CartagenaWarlock 6 Link to comment Share on other sites More sharing options...
Popular Post Muhendis Posted May 12 Popular Post Share Posted May 12 1 hour ago, scubascuba3 said: So poor planning so far What makes you think planning is involved? It's knee jerk stuff as always, Next will be import duty which is currently only collected on goods over 1,000 Baht 4 1 5 Link to comment Share on other sites More sharing options...
Popular Post jacko45k Posted May 12 Popular Post Share Posted May 12 1 hour ago, gargamon said: So all the AliExpress stuff I used to get delivered with no VAT will now be taxed. Almost seems like the administration costs will be higher than the amounts collected. Yes, and some of the stuff you order on Lazada that you thought was coming from Thailand, but in reality gets shipped from China. Pretty much all my Lazada purchaese are lower value items I can't find in local shops.... and are cheaper on Lazada as no farang tax is added! 2 1 7 Link to comment Share on other sites More sharing options...
Popular Post Expat Tom Posted May 12 Popular Post Share Posted May 12 Clever, Since I order my vitamins from the states I will be forced to pay 3 times as much here because the mechanism for paying the VAT will be a nightmare and delivery times protracted. . This is just one more item to put in my RFL (Reason For Leaving) file. Soon the Bangkok Brain Trust will completely kill the goose that lays the golden egg. There are estimated to be over 80,000 farang living in Thailand. How many will leave before the Clown Show in BBK feels the pain. Let's harass the farang, tax them, charge them more to enter public parks and go to the hospital and make the visa process stupid. There are 9 other countries on the International Living list of best places for Expats to live abroad and two of them are other ASEAN countries; the PI and Vietnam. No place is perfect but the shin is wearing off Thailand for me. 1 2 2 10 Link to comment Share on other sites More sharing options...
Popular Post FlorC Posted May 12 Popular Post Share Posted May 12 So , tired of hearing "mai mee & mai dai" here in Thai shops , you turn to lazada where they do have it, now we have to pay tax on it. This after we bring in money from abroad to be taxed from this year on. 2 5 Link to comment Share on other sites More sharing options...
Popular Post jacko45k Posted May 12 Popular Post Share Posted May 12 5 minutes ago, Expat Tom said: Soon the Bangkok Brain Trust will completely kill the goose that lays the golden egg. What Golden Egg is that then... you living here? 4 Link to comment Share on other sites More sharing options...
Popular Post dpcjsr Posted May 12 Popular Post Share Posted May 12 This is another part of a consistent pattern by the new government to raise revenue. They seem to be desperate for more money which is not good for most of us. Anyone else having fond memories of Prayut? lol 1 2 7 Link to comment Share on other sites More sharing options...
Popular Post JensenZ Posted May 12 Popular Post Share Posted May 12 2 hours ago, Pique Dard said: "Finance Ministry Moves to Introduce 7% VAT on Inexpensive Imported Items" ..i haven't seen those inexpensive imported items Currently, there are no VAT or import duties on imported items under 1500 baht. When they introduce a 7% VAT, it will also be charged on shipping fees. It will be a big money grab. 2 1 2 Link to comment Share on other sites More sharing options...
Popular Post goatfarmer Posted May 12 Popular Post Share Posted May 12 2 hours ago, gargamon said: So all the AliExpress stuff I used to get delivered with no VAT will now be taxed. Almost seems like the administration costs will be higher than the amounts collected. If it's only on Ali Express and Lazada stuff, it wouldn't be such an issue, but going to the post office to pay and collect or enabling the ThaiPost delivery guy to collect 20 baht would be a huge inconvenience and burden. 3 3 Link to comment Share on other sites More sharing options...
Popular Post goatfarmer Posted May 12 Popular Post Share Posted May 12 "The Finance Ministry is set to present a proposal" I thought it was a done deal and was going to be implemented as of May 1st; ie, two weeks ago. 4 2 Link to comment Share on other sites More sharing options...
Popular Post Classic Ray Posted May 13 Popular Post Share Posted May 13 VAT is always a popular tax for Governments as the burden of collecting it usually falls on the retailers, and it is very difficult to evade, as opposed to income tax, not paid by the majority of Thais. Be grateful it is only 7% rather than the 20% charged in the UK. 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post nobodysfriend Posted May 13 Popular Post Share Posted May 13 If you want to avoid headaches , best is not to buy this cheap chinese stuff anyway . The quality is often so low that it finishes in the bin after just a short time . And , to replace it , you have to buy another , similar item of better quality and higher price . Cheap chinese stuff is a waste of money and time . But , if you need something that bis not expensive anyway , like a water tab for 100 baht , it will cost you 107 baht in the future . Not a reason to become desperate . Same item often is for sale by local sellers , no additional tax will apply . Anyway , even with the 7% VAT applied , most stuff here is still much cheaper than in your home country , where it is often really excessively taxed . 1 5 Link to comment Share on other sites More sharing options...
Popular Post NemoH Posted May 13 Popular Post Share Posted May 13 51 minutes ago, jacko45k said: Yes, and some of the stuff you order on Lazada that you thought was coming from Thailand, but in reality gets shipped from China. Pretty much all my Lazada purchaese are lower value items I can't find in local shops.... and are cheaper on Lazada as no farang tax is added! I understand this ew VAT tax does not affect Lazada and Shoppee from china because China is currently exempted from Thai import taxes and VAT. 3 Link to comment Share on other sites More sharing options...
hotchilli Posted May 13 Share Posted May 13 3 hours ago, webfact said: The Finance Ministry is set to present a proposal this week to revise the Revenue Code, imposing a 7% value added tax (VAT) on all imported goods valued under 1,500 baht. This move aims to level the playing field between local suppliers, who are already subject to VAT, and online overseas sellers who have been exempt from this tax. China will not be happy. Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted May 13 Popular Post Share Posted May 13 2 hours ago, Pique Dard said: "Finance Ministry Moves to Introduce 7% VAT on Inexpensive Imported Items" ..i haven't seen those inexpensive imported items Thousand upon thousands of items under the value of 1,500 baht enter Thailand from China and elsewhere daily. 3 Link to comment Share on other sites More sharing options...
Ben Zioner Posted May 13 Share Posted May 13 We need another military coup. 1 Link to comment Share on other sites More sharing options...
JoePai Posted May 13 Share Posted May 13 3 hours ago, Pique Dard said: "Finance Ministry Moves to Introduce 7% VAT on Inexpensive Imported Items" ..i haven't seen those inexpensive imported items Lazada.com ? Link to comment Share on other sites More sharing options...
Bundooman Posted May 13 Share Posted May 13 1 hour ago, CartagenaWarlock said: Now I have to pay 7% tax on all transparent baby doll nighties for my concubines from Shein. Wow. What a financial burden on me! you know women who still wear transparent nighties? Are all these women under 90? still, nothing like a sag-grab ....... Hahaha. 2 Link to comment Share on other sites More sharing options...
FlorC Posted May 13 Share Posted May 13 17 minutes ago, nobodysfriend said: If you want to avoid headaches , best is not to buy this cheap chinese stuff anyway . The quality is often so low that it finishes in the bin after just a short time . And , to replace it , you have to buy another , similar item of better quality and higher price . Cheap chinese stuff is a waste of money and time . But , if you need something that bis not expensive anyway , like a water tab for 100 baht , it will cost you 107 baht in the future . Not a reason to become desperate . Same item often is for sale by local sellers , no additional tax will apply . Anyway , even with the 7% VAT applied , most stuff here is still much cheaper than in your home country , where it is often really excessively taxed . How long till this government will raize the VAT to 10 % ? 1 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted May 13 Share Posted May 13 3 hours ago, gargamon said: So all the AliExpress stuff I used to get delivered with no VAT will now be taxed. Almost seems like the administration costs will be higher than the amounts collected. You are thinking things through, not something Thais are known for. Link to comment Share on other sites More sharing options...
Bangkok Barry Posted May 13 Share Posted May 13 So the Customs department is going to examine every item that arrives into Thailand from overseas and assess the tax due on it, which will then have to be collected by the delivery companies who will be used as unpaid tax collectors. That'll work, won't it. Add an extra month to delivery times. Link to comment Share on other sites More sharing options...
Andre0720 Posted May 13 Share Posted May 13 3 hours ago, Pique Dard said: "Finance Ministry Moves to Introduce 7% VAT on Inexpensive Imported Items" ..i haven't seen those inexpensive imported items Quite right. Thailand is working hard at making imported items 'expensive', and now even more expensive is a new objective. A pack of Italian coffee, with all the added costs of the imported items in my country, costs about 100 bahts ($4. Can). And I can buy regularly Lavazza coffee on sale at home for 75 bahts ($3. Can.) Thailand managed to tax this coffee brand until it reached 500 bahts. And now more. Oh well.... How about a cup of nice coffee from Chiang Mai... 1 Link to comment Share on other sites More sharing options...
Popular Post Boedog Posted May 13 Popular Post Share Posted May 13 Buying expensive cars, watches and property are not cheap the money has to come from somewhere 3 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted May 13 Share Posted May 13 27 minutes ago, Bangkok Barry said: So the Customs department is going to examine every item that arrives into Thailand from overseas and assess the tax due on it, which will then have to be collected by the delivery companies who will be used as unpaid tax collectors. That'll work, won't it. Add an extra month to delivery times. No, just let Lazada and Shopee add VAT the moment you click buy. Ali Express will be a bit more tricky, but doable. Shopping 🛍 outside these platforms will still be dealt with case by case. Link to comment Share on other sites More sharing options...
Presnock Posted May 13 Share Posted May 13 1 hour ago, dpcjsr said: This is another part of a consistent pattern by the new government to raise revenue. They seem to be desperate for more money which is not good for most of us. Anyone else having fond memories of Prayut? lol most of it probably because of Prayut as he left the coffers empty and the debts piling up, submarines anyone? Link to comment Share on other sites More sharing options...
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