USAOPEN .com Destinations – Thailand

Shipping  a Gym to Thailand is definitely a workout…

 

 

Thailand, Country in Asia

Thailand, officially the Kingdom of Thailand, formerly known as Siam, is a country at the centre of the Indochina peninsula in Southeast Asia.Wikipedia

Capital: Bangkok
Dialing code: +66
Currency: Thai baht
Continent: Asia
Official language: Thai

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Import Duties

The current structure of Thailand’s tariff policy divides the Thai tariff schedule into a number of tariff rate categories or bands. The total number of these categories is being gradually reduced from 39 down to the following: zero percent for certain goods such as medical equipment and fertilizer; one percent for raw materials and electronic components; five percent for primary and capital goods; ten percent for intermediate goods; twenty percent for finished products; and 30 percent for goods “needing special protection”. A revised tariff structure was unveiled during the first half of the year 2000, which categorized goods under three general headings: 1) primary and raw materials, 2) intermediate and semi-processed products; and 3) finished products.

In general, for new applications for investment privileges, imports of machinery may benefit from between fifty percent to one hundred percent tariff reduction exemption depending upon the location of the project (zone of investment). Import duties on raw or essential materials used in export products for a period of up to 5 years are exempted, again, depending upon the location of the investment project. In addition, promoted investors can enjoy 75% import duty reduction on raw and essential materials used in production for domestic sales for five years if their factories are located in certain zones.

Antidumping

Anti Dumping duty may be levied in addition to normal import duties and taxes based on the product’s origin. For further information, please contact the Thai Department of Foreign Trade.

Excise Duties

In addition to regular Ad Valorem Duty and Value Added Tax, some commodities are subject to an additional Excise Duty. For further information, please contact the Royal Thai Excise Department.

Additional Duties

For goods imported for re-export after processing, packing or re-assembly, import duty will be refunded, if the product is re-exported within one year.

Import Taxes

Value Added Tax (VAT) is applied to goods and services at each production stage and is refundable on exports. The tax has a broad base and only a few services such as the sale of agricultural products, textbooks and newspapers, are exempt. The current rate of VAT is 7%.

Customs Fees

None.

*Source: FedEx