webfact Posted September 29, 2016 Share Posted September 29, 2016 Importer of Vespa motorcycles faces over 500 million tax evasion charges BANGKOK: -- Sole distributer of Vespa motorcycles in Thailand, Vespiario Thailand Company, has been accused of evading taxes worth more than 500 million baht for motorcycles imported into the country from Vietnam during 2010-2013. The tax office of the Department of Special Investigation on Thursday submitted its findings about Vespiario Thailand’s alleged tax evasion to the Office of Attorney-General with a recommendation that tax evasion charges should be brought against the company. The DSI reported that the company imported Vespa motorcycles into the country from Vietnam by sea through Laem Chabang deep-sea port and by air through Suvarnabhumi international airport during 2010-2013. Full story: http://englishnews.thaipbs.or.th/importer-vespa-motorcycles-faces-500-million-tax-evasion-charges/ -- © Copyright Thai PBS 2016-09-30 Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2016 Share Posted September 30, 2016 Would be interesting to know the big names of this company...and why only from 2010 to 2013, and not right into this year... Link to comment Share on other sites More sharing options...
SABloke Posted September 30, 2016 Share Posted September 30, 2016 "500 million tax evasion charges" He's gonna be in court for a loooooooong time. Link to comment Share on other sites More sharing options...
Sphere Posted September 30, 2016 Share Posted September 30, 2016 500 million baht? Sounds a bit OTT.... How much does a Vespa cost? How many were imported? Link to comment Share on other sites More sharing options...
hansnl Posted September 30, 2016 Share Posted September 30, 2016 Oh dear, oh dear. An Italian, well, sort of, company brought to court about tax evasion charges. In Thailand. Interesting! Link to comment Share on other sites More sharing options...
Assurancetourix Posted September 30, 2016 Share Posted September 30, 2016 1 hour ago, Sphere said: 500 million baht? Sounds a bit OTT.... How much does a Vespa cost? How many were imported? It's expensive; more than 100,000 baht for a 125 cc Link to comment Share on other sites More sharing options...
gregk0543 Posted September 30, 2016 Share Posted September 30, 2016 Much more to this story than that. Try importing motorbikes by sea without paying duties or paying off someone. The method used needs to be brought to light. A case again where the reporters just dont think how was this done. Link to comment Share on other sites More sharing options...
ameadi Posted September 30, 2016 Share Posted September 30, 2016 22 minutes ago, hansnl said: Oh dear, oh dear. An Italian, well, sort of, company brought to court about tax evasion charges. In Thailand. Interesting! Vespa is an Italian brand scooter produced in Vietnam and imported by a Thai company. Read better before writing. Link to comment Share on other sites More sharing options...
Keesters Posted September 30, 2016 Share Posted September 30, 2016 I doubt this was done without the co-operation (brown envelopes) of some government officials at the ports of entry. They too should be sought out and charged. Link to comment Share on other sites More sharing options...
gregk0543 Posted September 30, 2016 Share Posted September 30, 2016 2 hours ago, Sphere said: 500 million baht? Sounds a bit OTT.... How much does a Vespa cost? How many were imported? 70% import duty and 7% vat do the maths and work it out. With a high import duty and taxes it is a great incentive for crime. If they used 5% or 10% like most other countries it would stop these illegal imports quickly. They say in the article "The department said that the company allegedly evaded paying 500 million baht in import tariffs, 17 million baht in excise tax, 40 million baht in VAT and 1.5 million baht in municipal tax." So 500 million baht is 70% of value of the bikes imported 40 million baht is 7% vat. Average sale price of bike is 100,000 baht so each one they must have sold 1000 million bahts worth = 10,000 motorcycles as a rough calculation. Link to comment Share on other sites More sharing options...
toofarnorth Posted September 30, 2016 Share Posted September 30, 2016 500 million tax evasion charges. That is an awful lot of charges. Link to comment Share on other sites More sharing options...
sandgroper2 Posted September 30, 2016 Share Posted September 30, 2016 1 hour ago, gregk0543 said: Much more to this story than that. Try importing motorbikes by sea without paying duties or paying off someone. The method used needs to be brought to light. A case again where the reporters just dont think how was this done. I agree. The reporters should have all the facts, how it was done, who was responsible, who got the tea money etc etc and they should make that info public and not worry about defamation laws. Link to comment Share on other sites More sharing options...
slapout Posted September 30, 2016 Share Posted September 30, 2016 This is nothing but payoff by the Thai company who has rights for the distribution of this motorcycle in Thailand and the Thai customs personel at the ports the cycles were/are shipped to. The people on civil servent payroll seem to be able to steal as much, if not more than is spent on the countries entire budget. A good example is the need to sell bonds ( borrow money ) that will be 16 years in payback time just on the rice scam. The best way to deal with this type activity is like when you find a nest of vipers, which are a threat to the honest , working folks, a gasoline bath and a good roaring fire. Link to comment Share on other sites More sharing options...
yankee99 Posted September 30, 2016 Share Posted September 30, 2016 (edited) 1 hour ago, gregk0543 said: 70% import duty and 7% vat do the maths and work it out. With a high import duty and taxes it is a great incentive for crime. If they used 5% or 10% like most other countries it would stop these illegal imports quickly. They say in the article "The department said that the company allegedly evaded paying 500 million baht in import tariffs, 17 million baht in excise tax, 40 million baht in VAT and 1.5 million baht in municipal tax." So 500 million baht is 70% of value of the bikes imported 40 million baht is 7% vat. Average sale price of bike is 100,000 baht so each one they must have sold 1000 million bahts worth = 10,000 motorcycles as a rough calculation. From experience when evading customs in thailand you are required to pay double the import duty. So if the original duty was 250,000 they would now be liable for 500,000. Of course if original tax was 500M now it 500M x 2 Edited September 30, 2016 by yankee99 Link to comment Share on other sites More sharing options...
ratcatcher Posted September 30, 2016 Share Posted September 30, 2016 4 hours ago, Sphere said: 500 million baht? Sounds a bit OTT.... How much does a Vespa cost? How many were imported? http://vespa.co.th/ Link to comment Share on other sites More sharing options...
Alive Posted September 30, 2016 Share Posted September 30, 2016 Only the rich buy Vespas is my guess and those folks are all for avoiding taxes. Link to comment Share on other sites More sharing options...
trogers Posted September 30, 2016 Share Posted September 30, 2016 1 hour ago, slapout said: This is nothing but payoff by the Thai company who has rights for the distribution of this motorcycle in Thailand and the Thai customs personel at the ports the cycles were/are shipped to. The people on civil servent payroll seem to be able to steal as much, if not more than is spent on the countries entire budget. A good example is the need to sell bonds ( borrow money ) that will be 16 years in payback time just on the rice scam. The best way to deal with this type activity is like when you find a nest of vipers, which are a threat to the honest , working folks, a gasoline bath and a good roaring fire. They would just claim civil liability... Link to comment Share on other sites More sharing options...
JAG Posted September 30, 2016 Share Posted September 30, 2016 7 minutes ago, Alive said: Only the rich buy Vespas is my guess and those folks are all for avoiding taxes. Funnily enough I seem to remember noticing when I first came here that they were very popular with people transporting gas cylinders and rolls of carpet! I noticed because I had a vintage (1963) one back in the UK. Link to comment Share on other sites More sharing options...
JAG Posted September 30, 2016 Share Posted September 30, 2016 4 hours ago, trogers said: Would be interesting to know the big names of this company...and why only from 2010 to 2013, and not right into this year... Hmm, I can't help wondering if someone is"picking off" the business? The equivalent of the"hostile take over bid" in the capitalist west? Link to comment Share on other sites More sharing options...
Anthony5 Posted September 30, 2016 Share Posted September 30, 2016 13 minutes ago, JAG said: Funnily enough I seem to remember noticing when I first came here that they were very popular with people transporting gas cylinders and rolls of carpet! I noticed because I had a vintage (1963) one back in the UK. But I doubt those were imported between 2010 and 2013. Link to comment Share on other sites More sharing options...
gregk0543 Posted September 30, 2016 Share Posted September 30, 2016 1 minute ago, Anthony5 said: But I doubt those were imported between 2010 and 2013. Yes I had an old guy in my street who had one. It was still going just like him. It was 1960's two stroke model. But I havent noticed many new ones. Link to comment Share on other sites More sharing options...
kotsak Posted September 30, 2016 Share Posted September 30, 2016 (edited) The top model costs 600,000 baht.. http://vespa.co.th/946-emporio-armani/ And I thought my bimmer was pricey.. Edited September 30, 2016 by kotsak Link to comment Share on other sites More sharing options...
Khon Kaen Dave Posted September 30, 2016 Share Posted September 30, 2016 Ahhh,the Vespa 180 ss.Thats the one that was the favourite in the 70/80's. They were a fab bike.And i think,the 180 was the biggest engine that they put into a scooter then. The Lamberetta 200 sx came next,followed by the SX 225. I preferred the Lambereatta because of its slim lines. Margate and Brighton were a must for Bank holidays in those days. Long forgotten until 'Quadraphenia' hit the screens. Phil Daniels,Sting etc.Pork pie hats and parka coats.Squirral tails and dancing to midnight Ska. Forgotten until i was in Soi Buokhow a few yaers ago,and the was a bar called the Marquee.Red and white stripes,pictures of the who and small faces.And lo!there was a Vespa and a lamberetta(with white wall tyres)inthe bar.The girls uniforms reflected the age as well. s still there? Perhaps someone can let me know. Thanx Link to comment Share on other sites More sharing options...
elgordo38 Posted September 30, 2016 Share Posted September 30, 2016 4 hours ago, Sphere said: 500 million baht? Sounds a bit OTT.... How much does a Vespa cost? How many were imported? Yes I was trying to do the math on that as well. I doubt if even 500 million baht worth were sold in these 3 years. I hardly ever see one. Link to comment Share on other sites More sharing options...
Sphere Posted September 30, 2016 Share Posted September 30, 2016 2 hours ago, gregk0543 said: 70% import duty and 7% vat do the maths and work it out. Isn't it just 5% for import from Vietnam under AFTA? Link to comment Share on other sites More sharing options...
Lamkyong Posted September 30, 2016 Share Posted September 30, 2016 1 hour ago, Khon Kaen Dave said: Ahhh,the Vespa 180 ss.Thats the one that was the favourite in the 70/80's. They were a fab bike.And i think,the 180 was the biggest engine that they put into a scooter then. The Lamberetta 200 sx came next,followed by the SX 225. I preferred the Lambereatta because of its slim lines. Margate and Brighton were a must for Bank holidays in those days. Long forgotten until 'Quadraphenia' hit the screens. Phil Daniels,Sting etc.Pork pie hats and parka coats.Squirral tails and dancing to midnight Ska. Forgotten until i was in Soi Buokhow a few yaers ago,and the was a bar called the Marquee.Red and white stripes,pictures of the who and small faces.And lo!there was a Vespa and a lamberetta(with white wall tyres)inthe bar.The girls uniforms reflected the age as well. s still there? Perhaps someone can let me know. Thanx fab bike. ooooo how carnaby eh ?? Link to comment Share on other sites More sharing options...
sandgroper2 Posted September 30, 2016 Share Posted September 30, 2016 3 hours ago, slapout said: This is nothing but payoff by the Thai company who has rights for the distribution of this motorcycle in Thailand and the Thai customs personel at the ports the cycles were/are shipped to. The people on civil servent payroll seem to be able to steal as much, if not more than is spent on the countries entire budget. A good example is the need to sell bonds ( borrow money ) that will be 16 years in payback time just on the rice scam. The best way to deal with this type activity is like when you find a nest of vipers, which are a threat to the honest , working folks, a gasoline bath and a good roaring fire. A very serious accusation. Even if true, you must know a little about thai law! Link to comment Share on other sites More sharing options...
mike324 Posted September 30, 2016 Share Posted September 30, 2016 6 hours ago, trogers said: Would be interesting to know the big names of this company...and why only from 2010 to 2013, and not right into this year... I'm guessing they probably took advantage of the tax loop hole regarding to "assembled bikes". I remember back then, many grey market importers would just import new cars and remove some wheels or engines and it would get taxed as "assembled car" for lower tax rate. Link to comment Share on other sites More sharing options...
gemguy Posted September 30, 2016 Share Posted September 30, 2016 (edited) The sum total is negotiable....while the numbers posted are a figment of ones imagination.....lol Edited September 30, 2016 by gemguy Link to comment Share on other sites More sharing options...
performance Posted September 30, 2016 Share Posted September 30, 2016 Prayut army looking to get someone else to pay into his slush fund Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now