by Teuvo Tuomi | Jun 29, 2024 | Economy, China, Indonesia, News, Trade
Indonesia will soon impose up to a 200-percent import tariff on Chinese goods to mitigate the effects of the ongoing trade war between China and the United States. Indonesia’s Trade Minister Zulkifli Hasan says that the policy will take effect once the related...
by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | Apr 18, 2024 | China, Economy, News, Thailand, Trade
The Thai government is considering imposing a 7% value-added tax on Chinese goods priced less than 1,500 baht (US$40) routed through Thailand’s free trade zones to protect local businesses impacted by the flood of cheap imports. Currently, goods not exceeding the...
