foreign postal items

Thailand introduces VAT for foreign postal items

Thailand’s new VAT regulations on imported goods, implemented to ensure fair trade and protect local producers, are a significant development for the country’s economy. Thailand’s Customs Department is set to implement a new policy, starting from May 2024, that will charge value-added tax (VAT) on all imported goods sent through postal services, regardless of their value. According…

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50 million

Thailand to distribute 10,000 baht each to 50 million citizens

Thailand is preparing a massive cash handout to stimulate the economy, with the Cabinet approving a project to hand out 500 billion baht through digital wallets. The Cabinet has approved a 500 billion baht project to stimulate Thailand’s economy through digital wallets, clearing another hurdle to fulfilling a vital promise of the ruling Phea Thai party, Reuters reported, citing a…

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