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What are the duties and responsibilities of office of Economic and Financial Affairs? |
Office of Economic and Financial Affairs in Washington D.C. is an oversea office of the Ministry of Finance of Thailand . The Office's main functions are to pursue and analyze general economic, fiscal and financial affairs of the United States and other countries in the American continent. It also provides information about Thai economy to the general public. In addition, the office also functions as a coordinator in dealing with the United States Government and International Financial Institutions such as the World Bank Group and the International Monetary Fund (IMF) as well as other financial organizations such as banks and securities houses. The Web aims to diffuse economic information of both United States and Thailand and to bolster greater understanding of Thai economy. |
Are foreigners restricted from operating any types of business in Thailand ? |
The Foreign Business Act contains three lists outlining those businesses in which foreigners may or may not participate. To view the full lists at the board of Investment of Thailand website. |
How can I get update data about the Thai economy? |
From the Thailand Information Database section on the bank of Thailand homepage. |
Where can I find the list of Thai manufactures directory? |
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What is Thai tax system? |
You can keep checking our homepage, which is updated on regular basis.
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What is the regulation and duty rate for importing a used car into Thailand ? |
Regulation and duty rate for importing a personal vehicle (either Permanent or Temporary) into Thailand . Can be found at Thai customs website . |
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Inbound Passengers : Inbound passengers are allowed to bring in unlimited amount of foreign and Thai currencies.
Outbound passengers : Unlimited amount of foreign currencies are permitted to carry out of Thailand . However, the amount of Baht 50,000 or more in Thai currency must be reported on departure, except those traveling to Lao PDR., Myanmar , Cambodia , Malaysia , and Vietnam are allowed to take out Thai currency not exceeding 500,000 Baht.
More details can be found at Thai customs homepage .
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Do I have to pay duty on a gift sent to me via postal from abroad ? |
Postal items sent from abroad to Thailand are subject to selective inspection by theCustoms officers and can be categorized into 3 groups as follows:
Group1: Postal items sent by mail and the value of each dose not exceed 1,000 baht, or trade samples of no commercial value are exempted from duty. The Customs officers will deliver such items to the Communications Authority of Thailand for further distribution to the consignees
Group2: Postal items, regardless of the number of packages, sent by mail as personal effects, gifts or trade samples of no commercial nature sent at the same time by one consigner to another consignee or arrived simultaneously with a declared value not exceeding 20,000 baht and regardless of the implied amount of duties payable, the customs officers will independently make assessment of their value and deliver such items to the Communications Authority of Thailand for delivery to the consignees from whom duties will be collected on behalf of the Customs.
Group3: For postal items other than Group 1 and Group 2, the Customs officers will select and deliver such items to the Communications Authority of Thailand for storage in the Postal Customs Warehouse pending the consignees taking delivery of a same
For goods of Group 2, the Customs officers will open the packages with the presence of officers from the Communication Authority of Thailand to jointly inspect and make assessment of goods. The officers of the Communication Authority of Thailand will securely seal the packages with plastic tape prior to stamping the packages as having been inspected by the Customs. Officers of Communication Authority of Thailand will then make delivery of such packages and collect duties on behalf of the Customs.
If the consignees of postal items disagree with any duties assessment , this has to be put in writing submitted to the Chief of Postal Customs House for delivery to the officers of the Communication Authority of Thailand so that further action can be taken as requested by the consignees. It should be noted that the consignees must not accept the disputed postal items and instead they must notify the officers of the Communication Authority of Thailand of such disagreement on the assessment.
More details can be found at the website of Thailand customs(Postal Parcel) , and the sample of duty assessment.
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I'm going to Thailand and want to bring my personal computer with me. Do I have to pay duty on it? |
In general, The duty free allowance will be applied to accompanied personal effects up to Bath 10,000 worth if i) the items are intended for your own personal or professional uses; ii) the quantity are reasonable; and iii) the items are not subject to prohibition or restriction.
For bringing in personal computer also have to comply with the above mentioned regulation which the customs officer at the port of entry will be the one who consider. However, if you have more concerned questions please visit Thailand customs website. |
I'm a Thai resident who have been studying in USA and will return to Thailand soon. I want to bring my personal household items such as computer, linens, TV, furniture and etc back with me. Do I have to pay import taxes duties for those items? |
Returning Thai residents who have been abroad for one year or longer, for the purposes other than touring are eligible to bring in household effects acquired abroad free of taxes and duties. In addition, nonresidents changing their residence to Thailand may import the household effects subject to the conditions stated below without payment of import taxes duties.
The term “household effects” includes all goods which are normally necessary to equip a self-contained home e.g. furniture, carpets, books, musical instruments, paintings, tableware, stereos, linens, and similar household furnishings, etc. To be eligible for tax and duty free allowance, the importers are required to have owned, possessed, and used the household effects before they return to Thailand to resume residence. It is important that the importers meet the three requirements of ownership, possession, and use. For example, if they owned and possessed the goods without using them, the goods would be subject to regular taxes and duties.
Personal effects accompanied with the owner traveling into or out of Thailand, including any goods used or will be used commercially are not eligible as household effects cannot brought in tax and duty free as the household effects.
More information can be found at the Household effects, Thailand customs ( household effects) websites. |
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