Cabinet Approves Adjustment to Import Duty Criteria for Online Goods to Support Thai SMEs
Published
The Cabinet, or ครม., has approved an adjustment to the criteria for collecting duties on imported goods sold through online channels. Duties will be collected according to customs tariff classifications, at rates of up to 30 percent of the value of the goods.
The government stated that the aim of this adjustment is to reduce the disparity between imported goods and domestically produced goods, and to create fair competition for Thai small and medium-sized enterprises, or SMEs, which must compete with sellers from abroad on online platforms.
However, some details of the implementation, such as the effective date and the collection procedures, have not been disclosed in the news received. Consumers and entrepreneurs should therefore continue to follow official announcements from the relevant agencies.
This adjustment will affect the prices of imported online goods and competition in the Thai market in the coming period.
Sources: thestandard.co
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