Jonmarleesco Posted May 20, 2017 Share Posted May 20, 2017 19 minutes ago, Naam said: This Is Thailand if you think "only in Thailand" check car prices in Singapore! Should be closer to 200%, I'm sure. Link to comment Share on other sites More sharing options...
Emster23 Posted May 20, 2017 Share Posted May 20, 2017 False valuations to avoid tax quite common in real estate.... harder to tow the land away, however Link to comment Share on other sites More sharing options...
impulse Posted May 20, 2017 Share Posted May 20, 2017 40 minutes ago, Naam said: within the last 10 years i have bought three imports, two vintage ones and a new one. having a small problem registering one of the vintage imports i made sure to get correct documentation for the new grey import. it did not take more than a few minutes to check wether the reported price on the customs document tallied with the dealer price in the country of origin ex VAT plus freight and insurance. i also think that somebody who buys a Lamborghini knows bloody well that $105k for the cheapest model is not kosher. It may be kosher if it needs a new engine, 3 quarter panels and a front clip when it hits Thailand... Remember, Niche Car Group (from the OP) is the used car division of their long standing company. Link to comment Share on other sites More sharing options...
ukrules Posted May 20, 2017 Share Posted May 20, 2017 It has declared the lower price so as to avoid paying 328 per-cent tax rate I think I see what the problem is - a 328% tax rate is insane. This tax rate is so retarded it's almost unbelievable. It should be scrapped immediately. Link to comment Share on other sites More sharing options...
bheard Posted May 20, 2017 Share Posted May 20, 2017 If the import taxes were set at realistic level there would be no need to circumvent the system, its not as though these high end car imports would have any effect on the local auto industry.Nothing to do with harming the local industry, all to do with a nice rake off, thank you very much. Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 8 minutes ago, bheard said: Nothing to do with harming the local industry, all to do with a nice rake off, thank you very much. To my knowledge import taxes on vehicles are to protect the local industry but given there is no high end car made here (the like of Mercedes/BMW etc etc had to set up here CKD to avoid taxes) the actual local industry is not affected. People looking to buy a million baht Toyota/Mazda/Ford/Chev were never in the market for a 10 million + car. Link to comment Share on other sites More sharing options...
Fulwell53 Posted May 20, 2017 Share Posted May 20, 2017 While the rest of the developed world looked on and did nothing about the 000's of documents showing prominent people and businesses and people avoiding tax here we are bleating about derisory car tax amounts in thailand. Spot the hypocrites Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted May 20, 2017 Share Posted May 20, 2017 Property resales are being under declared for tax purposes. Will Thailand go next after foreigners who sold and purchased property. Seems like a very easy thing to do.Sent from my Lenovo A7020a48 using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
Naam Posted May 20, 2017 Share Posted May 20, 2017 1 hour ago, ukrules said: I think I see what the problem is - a 328% tax rate is insane. This tax rate is so retarded it's almost unbelievable. It should be scrapped immediately. easy to circumvent by riding a second hand Honda Click. nobody is forced to buy a luxury car and pay millions of import duties. Link to comment Share on other sites More sharing options...
wgdanson Posted May 20, 2017 Share Posted May 20, 2017 7 hours ago, Don Mega said: I reckon the 328% tax more than doubles the vehicles value. More than doubles the vehicle's PRICE, not value. Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 4 minutes ago, wgdanson said: More than doubles the vehicle's PRICE, not value. So the vehicles price in Thailand is not doubled by the import taxes ? Link to comment Share on other sites More sharing options...
Naam Posted May 20, 2017 Share Posted May 20, 2017 1 hour ago, Jonmarleesco said: Should be closer to 200%, I'm sure. little do you know How A $17,000 Mitsubishi Becomes $104,000 OMV $16,991 COE (Cat $46,502 Basic Cost (Inclusive of $140 registration fee) $85,450 Dealer's Margin $18,799 (22%) Final Sale Price $103,999 Link to comment Share on other sites More sharing options...
wgdanson Posted May 20, 2017 Share Posted May 20, 2017 The PRICE not the VALUE. Link to comment Share on other sites More sharing options...
janclaes47 Posted May 20, 2017 Share Posted May 20, 2017 11 minutes ago, theguyfromanotherforum said: Property resales are being under declared for tax purposes. Will Thailand go next after foreigners who sold and purchased property. Seems like a very easy thing to do. Sent from my Lenovo A7020a48 using Thailand Forum - Thaivisa mobile app I think there are more Thais than foreigners selling property and declaring undervalued, so may be they could start there. Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 5 minutes ago, wgdanson said: The PRICE not the VALUE. not seeing you point sorry. Link to comment Share on other sites More sharing options...
janclaes47 Posted May 20, 2017 Share Posted May 20, 2017 2 minutes ago, Don Mega said: not seeing you point sorry. You do understand the difference between price and value, don't you? A tax never increase value of anything. 7 hours ago, Don Mega said: I reckon the 328% tax more than doubles the vehicles value. Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 Just now, janclaes47 said: You do understand the difference between price and value, don't you? A tax never increase value of anything. I reckon the 328% tax more than doubles the vehicles value. if the cost here is 20 million i do not see how the value of a lesser amount comes into it. Link to comment Share on other sites More sharing options...
ukrules Posted May 20, 2017 Share Posted May 20, 2017 (edited) 23 minutes ago, Naam said: easy to circumvent by riding a second hand Honda Click. nobody is forced to buy a luxury car and pay millions of import duties. You're right but it's still price gouging by the government though. When bottled water is in short supply due to flooding, or some other disaster the stores who have it in stock increase the price, this is also price gouging, something that the government does not like and takes action against it when they see it happening, yet they do it themselves. Edited May 20, 2017 by ukrules Link to comment Share on other sites More sharing options...
pentap Posted May 20, 2017 Share Posted May 20, 2017 Over 300 percent import duty tax!!!Oh yes, that's way to low an import duty tax. Hike it up to 1000 percent!Unbelievable! Greedy! Link to comment Share on other sites More sharing options...
janclaes47 Posted May 20, 2017 Share Posted May 20, 2017 1 minute ago, Don Mega said: if the cost here is 20 million i do not see how the value of a lesser amount comes into it. Try this one, and this is the end of the discussion for me, because we all know that as always you will never let this go even if you're proven wrong over and over again. http://keydifferences.com/difference-between-price-cost-and-value.html Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 Just now, janclaes47 said: Try this one, and this is the end of the discussion for me, because we all know that as always you will never let this go even if you're proven wrong over and over again. http://keydifferences.com/difference-between-price-cost-and-value.html I dont need to look at your link as the price is the price, value has no say in the matter. Link to comment Share on other sites More sharing options...
janclaes47 Posted May 20, 2017 Share Posted May 20, 2017 Just now, Don Mega said: I dont need to look at your link as the price is the price, value has no say in the matter. Then why you posted that the tax increase the value with more than 200%? Only you mentioned the word value. Link to comment Share on other sites More sharing options...
Don Mega Posted May 20, 2017 Share Posted May 20, 2017 4 minutes ago, janclaes47 said: Then why you posted that the tax increase the value with more than 200%? Only you mentioned the word value. Can you afford some tissue to dry your eye or should I start a gofundme page ? Link to comment Share on other sites More sharing options...
MarcIssan Posted May 20, 2017 Share Posted May 20, 2017 Also look at the port police. My half container of household goods from the USA required an 'inspection' for 20,000 BT. The cargo company negotiated it to 9,000 and paid the guy cash, in the pocket, out in the container yard. If it were legit, there would be no negotiation as to the amount. Link to comment Share on other sites More sharing options...
Cadbury Posted May 20, 2017 Share Posted May 20, 2017 8 hours ago, clockman said: Customs department, second most corrupt, Never investigated, Must have powerful friends? Which reminds me. Whatever happened to the blue buses? Customs Department still waiting for the envelopes? As for second most corrupt on the leader board I think it is a toss up between Customs and Education. Link to comment Share on other sites More sharing options...
wakeupplease Posted May 20, 2017 Share Posted May 20, 2017 328 per-cent tax rate 300% on a bottle of wine Free Trade agreements on the other side of the world need to see 300% on all imports including rice from certain country's, that will change thing quickly But I guess you would soon hear But But We are a 3rd world country excuse. 3rd world country's do not have that many Lambo's lying about do they. Link to comment Share on other sites More sharing options...
11223344 Posted May 20, 2017 Share Posted May 20, 2017 Quote “It has declared the lower price so as to avoid paying 328 per-cent tax rate,” Who is the thief here? Link to comment Share on other sites More sharing options...
elgordo38 Posted May 20, 2017 Share Posted May 20, 2017 11 hours ago, rooster59 said: “Records show some 10,000 luxury cars have been imported this way,” he said. Seems like someone was asleep at the switch. Link to comment Share on other sites More sharing options...
elgordo38 Posted May 20, 2017 Share Posted May 20, 2017 15 minutes ago, 11223344 said: Who is the thief here? Its a toss up. The rich don't really mind paying for status and customs well they make up the numbers. Link to comment Share on other sites More sharing options...
Henricus Posted May 20, 2017 Share Posted May 20, 2017 Just buy a local car no problems. Many people only buy a car to show off to other people and the roads in Thailand are not friendly to those cars. We and i mean all the Farangs don`t have any status in Thailand and we don`t need. Link to comment Share on other sites More sharing options...
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