Thai SMEs call for value-added tax on imported goods

Thai SME entrepreneurs have been urging the government to impose a 7% value-added tax on imported goods valued at or below 1,500 baht.

The Ministry of Finance is now considering a proposal to end the value-added tax exemption for low-value imports. The proposal is expected to be presented to the Cabinet for approval on June 4. They want the government to consider fixing this obstacle.

If taxes are collected equally, it will create equality and also prevent dumping of imported goods. The Ministry of Finance has acknowledged that ending the value-added tax exemption will not be easy, as Thailand is bound by international trade agreements.