BANGKOK, Nov 10 : Thailand's cabinet approved a tax increase of no more than 30 per cent for goods imported through e-commerce platforms, the finance minister said on Tuesday.
Source: Reuters
Thailand approves tax increase on e-commerce imports, finance minister says
In short
Thailand’s cabinet officially endorsed the tariff adjustments targeting products brought into the nation through digital shopping channels. Following Tuesday's announcement by the finance minister, the imported merchandise will face tax increases designed not to exceed 30 percent. Officials have not yet disclosed the specific product categories subjected to the hike or the official rollout schedule.
Key points
- Cross-border e-commerce purchases face higher import duties under a newly approved cabine…: Cross-border e-commerce purchases face higher import duties under a newly approved cabinet policy shift.
- Inbound online retail shipments will see their tax adjustments restricted to a maximum of…: Inbound online retail shipments will see their tax adjustments restricted to a maximum of 30 percent.
- Businesses and consumers must await further government announcements to determine the imp…: Businesses and consumers must await further government announcements to determine the implementation date and impacted items.