CTM Posted January 8, 2007 Share Posted January 8, 2007 Good topic, I my self will be sending (hoping to) a container from Canada. I want to bring my own personal tools I love to tincker and build things. There are many other items I will send in a container also. Can a shipping company in thailand tell me what products to avoid sending. My wife is Thai and we will be out of the country for more than a year with our kids. I want to send my Motorcycle(HarrlyDavidson) there and a car (LandRover)with the container is there duty on theses items for my wife if it is in her name . Forget about importing a car unless your diplomatic staff. http://www.customs.go.th/Customs-Eng/Perso...Nme=PersonalPer Example Calculation of Taxes and Duties The following example shows a breakdown of the liable taxes and duties assessed on the vehicles less than 2400 c.c. cylinder capacity with a CIF value of 1,000,000 Baht. CIF value of the imported vehicle and applicable taxes and duties are as follows: * CIF value of the import = 1,000,000 Baht * Import duty = 80 % * Excise tax = 35 % * Interior tax = 10 % of excise tax * VAT = 7 % The total import duties and taxes imposed on this import are calculated as follows: 1. Import duty = (CIF value * Rate of import duty) = (1,000,000 * 0.8) = 800,000 Baht 2. Excise tax = (CIF value + import duty) * {Rate of excise tax/1-(1.1 * Rate of excise tax)} = (1,000,000+800,000) * {0.35/1-(1.1*0.35)} = 1,800,000 * 0.5691057 = 1,024,390.20 Baht 3. Interior tax = Excise tax * Rate of interior tax = 1,024,390.20 * 0.1 = 102,439.02 Baht 4. Base VAT = (CIF value+ Import duty+ Excise tax + Interior tax) = (1,000,000 + 800,000 + 1,024,390.20 + 102,439.02) = 2,926,829.20 Baht 5. VAT = Base VAT * VAT Rate = 2,926,829.20 *0.07 = 204,878.04 Baht Total taxes and duties = 1+2+3+5 = 2,131,707.20 Baht 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